Gateway Wealth Partners LLC Decreases Stake in Ford Motor (NYSE:F)

Gateway Wealth Partners LLC lessened its stake in Ford Motor (NYSE:F) by 7.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,218 shares of the auto manufacturer’s stock after selling 2,048 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Ford Motor were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in F. Quarry LP purchased a new position in Ford Motor in the second quarter valued at about $27,000. Kimelman & Baird LLC purchased a new position in Ford Motor in the 2nd quarter valued at approximately $30,000. Reston Wealth Management LLC purchased a new position in Ford Motor in the 3rd quarter valued at approximately $33,000. Access Investment Management LLC purchased a new stake in Ford Motor during the third quarter worth $34,000. Finally, Modus Advisors LLC purchased a new stake in Ford Motor during the fourth quarter worth $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $10.20 on Thursday. The company has a market cap of $40.54 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.93 and a beta of 1.64. The business has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $10.76. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the prior year, the company posted $0.39 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Ford Motor will post 1.77 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on F shares. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Royal Bank of Canada restated 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, Deutsche Bank Aktiengesellschaft lowered their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $11.82.

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.