Brighton Jones LLC Cuts Position in Ford Motor (NYSE:F)

Brighton Jones LLC decreased its holdings in Ford Motor (NYSE:F) by 30.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,692 shares of the auto manufacturer’s stock after selling 8,164 shares during the quarter. Brighton Jones LLC’s holdings in Ford Motor were worth $197,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Czech National Bank raised its holdings in Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after buying an additional 48,456 shares during the period. Claro Advisors LLC grew its position in Ford Motor by 333.6% in the third quarter. Claro Advisors LLC now owns 59,179 shares of the auto manufacturer’s stock valued at $625,000 after acquiring an additional 45,532 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Ford Motor by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after acquiring an additional 59,082 shares in the last quarter. Brookstone Capital Management grew its position in Ford Motor by 8.5% in the third quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock valued at $10,086,000 after acquiring an additional 75,193 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after acquiring an additional 318,715 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

F stock opened at $11.07 on Monday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a market capitalization of $44.20 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 1.58 and a beta of 1.62. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The stock’s fifty day moving average is $10.83 and its two-hundred day moving average is $11.68.

Analyst Ratings Changes

F has been the subject of several recent research reports. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Barclays decreased their price target on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada decreased their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Finally, Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target 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.