Colonial River Wealth Management LLC Sells 1,221 Shares of Ford Motor (NYSE:F)

Colonial River Wealth Management LLC lowered its stake in Ford Motor (NYSE:F) by 10.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,177 shares of the auto manufacturer’s stock after selling 1,221 shares during the quarter. Colonial River Wealth Management LLC’s holdings in Ford Motor were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in F. Lodge Hill Capital LLC purchased a new position in shares of Ford Motor during the second quarter valued at approximately $16,866,000. Seeyond increased its stake in shares of Ford Motor by 42.8% during the second quarter. Seeyond now owns 71,989 shares of the auto manufacturer’s stock valued at $1,069,000 after buying an additional 21,559 shares during the period. Ossiam purchased a new position in shares of Ford Motor during the second quarter valued at approximately $6,763,000. Toroso Investments LLC grew its stake in Ford Motor by 86.8% in the second quarter. Toroso Investments LLC now owns 54,739 shares of the auto manufacturer’s stock worth $813,000 after purchasing an additional 25,433 shares during the period. Finally, Inscription Capital LLC purchased a new stake in Ford Motor in the second quarter worth $178,000. Hedge funds and other institutional investors own 50.86% of the company’s stock.

NYSE F traded up $0.02 during trading on Thursday, hitting $15.53. 1,004,473 shares of the stock traded hands, compared to its average volume of 74,696,180. The company has a market capitalization of $62.04 billion, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14. The firm has a 50-day simple moving average of $13.56 and a 200-day simple moving average of $13.51. The company has a quick ratio of 1.05, a current ratio of 1.21 and a debt-to-equity ratio of 2.90. Ford Motor has a 12-month low of $7.37 and a 12-month high of $16.45.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 27th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.16. The business had revenue of $24.13 billion during the quarter, compared to analysts’ expectations of $21.50 billion. Ford Motor had a return on equity of 24.26% and a net margin of 2.50%. As a group, research analysts predict that Ford Motor will post 1.61 EPS for the current fiscal year.

F has been the topic of several recent research reports. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, July 6th. Wells Fargo & Company dropped their target price on Ford Motor from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, September 10th. Bank of America boosted their target price on Ford Motor from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, July 16th. Barclays upped their price target on Ford Motor from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Tuesday, June 22nd. Finally, UBS Group upped their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, June 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $14.94.

Ford Motor Profile

Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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