Ford Motor (NYSE:F) Position Cut by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. trimmed its holdings in Ford Motor (NYSE:F) by 12.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 14,218 shares of the auto manufacturer’s stock after selling 1,942 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Ford Motor were worth $150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new stake in Ford Motor in the second quarter worth approximately $25,000. Family Firm Inc. acquired a new stake in Ford Motor in the second quarter worth approximately $26,000. Quarry LP acquired a new stake in Ford Motor in the second quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new stake in Ford Motor in the second quarter worth approximately $28,000. Finally, Kimelman & Baird LLC acquired a new stake in Ford Motor in the second quarter worth approximately $30,000. 58.74% of the stock is owned by institutional investors.

Ford Motor Trading Up 2.1 %

NYSE F opened at $11.11 on Wednesday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The company has a market capitalization of $44.35 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The firm’s fifty day simple moving average is $10.79 and its 200-day simple moving average is $11.73.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same period last year, the company posted $0.72 earnings per share. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on F shares. Barclays cut their target price on Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research report on Tuesday, September 10th. Wells Fargo & Company cut their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.56.

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.