Nisa Investment Advisors LLC decreased its holdings in Ford Motor (NYSE:F) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438,220 shares of the auto manufacturer’s stock after selling 53,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Ford Motor were worth $2,664,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Red Door Wealth Management LLC purchased a new stake in Ford Motor during the 1st quarter worth about $32,000. Cordasco Financial Network increased its position in Ford Motor by 61.0% during the 2nd quarter. Cordasco Financial Network now owns 5,280 shares of the auto manufacturer’s stock worth $32,000 after purchasing an additional 2,000 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Ford Motor during the 1st quarter worth about $33,000. Weaver Consulting Group increased its position in Ford Motor by 59.9% during the 2nd quarter. Weaver Consulting Group now owns 5,337 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. increased its position in Ford Motor by 261.0% during the 1st quarter. Woodley Farra Manion Portfolio Management Inc. now owns 7,039 shares of the auto manufacturer’s stock worth $34,000 after purchasing an additional 5,089 shares in the last quarter. Hedge funds and other institutional investors own 49.28% of the company’s stock.
A number of analysts recently commented on F shares. Credit Suisse Group lifted their price objective on Ford Motor from $7.00 to $8.00 and gave the stock a “neutral” rating in a research report on Friday. ValuEngine raised Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price target on Ford Motor from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Friday, June 19th. Goldman Sachs Group initiated coverage on Ford Motor in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $5.00 price target on the stock. Finally, Barclays raised their price target on Ford Motor from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Ford Motor currently has an average rating of “Hold” and an average target price of $7.48.
NYSE F opened at $6.61 on Friday. Ford Motor has a 1-year low of $3.96 and a 1-year high of $9.65. The company has a quick ratio of 1.20, a current ratio of 1.32 and a debt-to-equity ratio of 3.85. The business’s 50-day simple moving average is $6.37 and its 200-day simple moving average is $6.42.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, July 30th. The auto manufacturer reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($1.30) by $0.95. The business had revenue of $19.37 billion for the quarter, compared to analyst estimates of $15.07 billion. Ford Motor had a negative return on equity of 1.47% and a negative net margin of 1.63%. On average, equities research analysts predict that Ford Motor will post -1.28 EPS for the current year.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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