Blue Trust Inc. Increases Stake in Ford Motor (NYSE:F)

Blue Trust Inc. grew its holdings in shares of Ford Motor (NYSE:F) by 110.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,199 shares of the auto manufacturer’s stock after purchasing an additional 17,441 shares during the quarter. Blue Trust Inc.’s holdings in Ford Motor were worth $351,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Meridian Financial Partners LLC grew its position in shares of Ford Motor by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after purchasing an additional 953 shares in the last quarter. KMG Fiduciary Partners LLC boosted its stake in Ford Motor by 0.5% during the third quarter. KMG Fiduciary Partners LLC now owns 250,332 shares of the auto manufacturer’s stock worth $2,644,000 after buying an additional 1,222 shares during the last quarter. Claro Advisors LLC grew its holdings in Ford Motor by 333.6% in the 3rd quarter. Claro Advisors LLC now owns 59,179 shares of the auto manufacturer’s stock valued at $625,000 after buying an additional 45,532 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Ford Motor by 1.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 405,827 shares of the auto manufacturer’s stock worth $4,286,000 after acquiring an additional 7,661 shares during the last quarter. Finally, Secure Asset Management LLC raised its holdings in shares of Ford Motor by 23.3% during the 3rd quarter. Secure Asset Management LLC now owns 82,951 shares of the auto manufacturer’s stock worth $876,000 after acquiring an additional 15,668 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of a number of recent analyst reports. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, The Goldman Sachs Group upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.56.

Ford Motor Stock Performance

NYSE:F opened at $11.06 on Thursday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a market capitalization of $44.16 billion, a PE ratio of 11.40, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. The business’s fifty day moving average price is $10.80 and its 200 day moving average price is $11.72.

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

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.