Strs Ohio Reduces Stock Position in Ford Motor Company $F

Strs Ohio cut its position in Ford Motor Company (NYSE:F) by 18.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 952,349 shares of the auto manufacturer’s stock after selling 222,495 shares during the period. Strs Ohio’s holdings in Ford Motor were worth $11,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Investment Advisors LLC boosted its position in Ford Motor by 1.3% in the third quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after buying an additional 824 shares during the last quarter. Silverlake Wealth Management LLC boosted its holdings in shares of Ford Motor by 1.7% in the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock valued at $575,000 after acquiring an additional 827 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Ford Motor by 2.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock valued at $427,000 after acquiring an additional 851 shares during the last quarter. Mather Group LLC. increased its stake in shares of Ford Motor by 4.8% in the third quarter. Mather Group LLC. now owns 19,316 shares of the auto manufacturer’s stock worth $231,000 after acquiring an additional 878 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in shares of Ford Motor by 7.1% during the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock worth $146,000 after purchasing an additional 885 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Evercore ISI upped their target price on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Monday, December 22nd. Royal Bank Of Canada raised their target price on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Morgan Stanley boosted their price target on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Finally, Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and upped their price objective for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.19.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $13.57 on Monday. The firm has a market cap of $54.05 billion, a PE ratio of 11.69, a P/E/G ratio of 5.68 and a beta of 1.62. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.50. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The business has a 50-day moving average price of $13.38 and a 200 day moving average price of $12.42.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The company had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.Ford Motor’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.