Kennedy Investment Group Decreases Stake in Ford Motor (NYSE:F)

Kennedy Investment Group lessened its position in shares of Ford Motor (NYSE:F) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,389 shares of the auto manufacturer’s stock after selling 1,706 shares during the quarter. Kennedy Investment Group’s holdings in Ford Motor were worth $430,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in Ford Motor during the second quarter worth about $27,000. Kimelman & Baird LLC purchased a new stake in shares of Ford Motor during the 2nd quarter worth approximately $30,000. Reston Wealth Management LLC purchased a new stake in Ford Motor in the 3rd quarter valued at $33,000. Access Investment Management LLC acquired a new position in Ford Motor in the 3rd quarter valued at $34,000. Finally, Modus Advisors LLC acquired a new position in Ford Motor in the 4th quarter valued at $34,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor Price Performance

Shares of F opened at $10.08 on Wednesday. The company has a market capitalization of $40.05 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.93 and a beta of 1.64. The business’s 50-day moving average is $10.27 and its 200-day moving average is $10.79. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the company posted $0.39 earnings per share. Ford Motor’s revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Ford Motor will post 1.77 EPS for the current fiscal year.

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.