Pointe Capital Management LLC Purchases 1,000 Shares of Ford Motor (NYSE:F)

Pointe Capital Management LLC grew its holdings in Ford Motor (NYSE:F) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,821 shares of the auto manufacturer’s stock after purchasing an additional 1,000 shares during the quarter. Pointe Capital Management LLC’s holdings in Ford Motor were worth $230,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Legal & General Group Plc grew its position in Ford Motor by 1.0% during the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after buying an additional 318,715 shares in the last quarter. LSV Asset Management grew its position in Ford Motor by 1.6% during the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after buying an additional 312,496 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Ford Motor by 11.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Ford Motor by 0.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock worth $124,511,000 after buying an additional 51,035 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE:F traded down $0.17 during trading on Friday, reaching $11.07. The stock had a trading volume of 39,120,742 shares, compared to its average volume of 46,551,088. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The business’s 50-day moving average price is $10.83 and its 200 day moving average price is $11.69. 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 stock has a market capitalization of $44.01 billion, a PE ratio of 11.53, a P/E/G ratio of 1.58 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Ford Motor will post 1.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on F shares. Wolfe Research started coverage on Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Barclays decreased their target price on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.56.

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.