Baron Wealth Management LLC Purchases 60,640 Shares of Ford Motor (NYSE:F)

Baron Wealth Management LLC grew its position in Ford Motor (NYSE:F) by 33.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 242,154 shares of the auto manufacturer’s stock after acquiring an additional 60,640 shares during the period. Ford Motor comprises approximately 1.1% of Baron Wealth Management LLC’s portfolio, making the stock its 12th largest position. Baron Wealth Management LLC’s holdings in Ford Motor were worth $2,397,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Swedbank AB lifted its stake in Ford Motor by 9.7% in the fourth quarter. Swedbank AB now owns 1,033,923 shares of the auto manufacturer’s stock valued at $10,236,000 after buying an additional 91,260 shares in the last quarter. Strategic Blueprint LLC lifted its position in Ford Motor by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 24,269 shares of the auto manufacturer’s stock valued at $240,000 after acquiring an additional 1,934 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Ford Motor in the 4th quarter worth $495,000. JDH Wealth Management LLC bought a new position in Ford Motor during the 4th quarter worth about $104,000. Finally, Lebenthal Global Advisors LLC raised its stake in shares of Ford Motor by 17.6% in the 4th quarter. Lebenthal Global Advisors LLC now owns 81,356 shares of the auto manufacturer’s stock valued at $805,000 after purchasing an additional 12,203 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Up 1.2 %

Ford Motor stock opened at $10.20 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The company’s 50-day moving average is $10.25 and its 200-day moving average is $10.76. The firm has a market capitalization of $40.54 billion, a PE ratio of 11.59, a P/E/G ratio of 1.93 and a beta of 1.64. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share 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 firm had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Ford Motor will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.82.

Ford Motor 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.