Forsta AP Fonden Sells 42,500 Shares of Ford Motor (NYSE:F)

Forsta AP Fonden trimmed its position in shares of Ford Motor (NYSE:F - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875,200 shares of the auto manufacturer's stock after selling 42,500 shares during the period. Forsta AP Fonden's holdings in Ford Motor were worth $8,664,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Algert Global LLC acquired a new position in Ford Motor during the 2nd quarter valued at $214,000. NewEdge Advisors LLC raised its position in shares of Ford Motor by 38.4% during the second quarter. NewEdge Advisors LLC now owns 284,525 shares of the auto manufacturer's stock valued at $3,568,000 after buying an additional 78,926 shares during the last quarter. Quarry LP bought a new stake in shares of Ford Motor in the second quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in Ford Motor during the second quarter worth about $124,000. Finally, Sanctuary Advisors LLC bought a new position in Ford Motor during the second quarter valued at about $7,459,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Down 0.6 %

NYSE:F opened at $10.15 on Friday. The business's 50-day simple moving average is $10.23 and its 200-day simple moving average is $10.76. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The stock has a market capitalization of $40.32 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.97 and a beta of 1.64.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analysts' expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. Sell-side analysts expect that Ford Motor will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on F. Barclays cut shares of Ford Motor from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Jefferies Financial Group cut Ford Motor from a "hold" rating to an "underperform" rating and dropped their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reissued a "sector perform" rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Finally, Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.82.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.