Ford Motor (NYSE:F) Shares Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC lifted its stake in shares of Ford Motor (NYSE:F) by 10.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,429 shares of the auto manufacturer’s stock after purchasing an additional 1,098 shares during the period. Cornerstone Wealth Group LLC’s holdings in Ford Motor were worth $113,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in F. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after buying an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Ford Motor in the 3rd quarter valued at about $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new stake in Ford Motor in the 4th quarter valued at about $10,853,000. Finally, ING Groep NV raised its position in Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer’s stock worth $12,473,000 after acquiring an additional 570,293 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on F. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a report on Thursday, November 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average price target of $11.82.

Ford Motor Price Performance

Ford Motor stock opened at $10.38 on Tuesday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market cap of $41.23 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 1.93 and a beta of 1.64. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm has a 50 day moving average price of $10.29 and a 200 day moving average price of $10.81.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the prior year, the firm posted $0.39 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts predict that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Company Profile

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.