Ford Motor (NYSE:F) Shares Purchased by Carret Asset Management LLC

Carret Asset Management LLC increased its stake in shares of Ford Motor (NYSE:F) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,753 shares of the auto manufacturer’s stock after purchasing an additional 1,654 shares during the period. Carret Asset Management LLC’s holdings in Ford Motor were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Clear Harbor Asset Management LLC purchased a new stake in Ford Motor during the 3rd quarter valued at about $218,000. MCF Advisors LLC grew its stake in Ford Motor by 6.4% during the 3rd quarter. MCF Advisors LLC now owns 56,658 shares of the auto manufacturer’s stock valued at $598,000 after acquiring an additional 3,405 shares in the last quarter. PFG Investments LLC grew its stake in Ford Motor by 1.6% during the 3rd quarter. PFG Investments LLC now owns 249,297 shares of the auto manufacturer’s stock valued at $2,633,000 after acquiring an additional 3,946 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Ford Motor by 13.6% in the 3rd quarter. Forsta AP Fonden now owns 917,700 shares of the auto manufacturer’s stock valued at $9,691,000 after buying an additional 109,700 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ford Motor by 9.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,994,819 shares of the auto manufacturer’s stock valued at $32,284,000 after buying an additional 266,256 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on F shares. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Wells Fargo & Company dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $12.56.

Ford Motor Price Performance

Ford Motor stock opened at $11.07 on Monday. The firm has a market cap of $44.20 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The company’s 50 day moving average is $10.83 and its two-hundred day moving average is $11.68.

Ford Motor Company 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.