Busey Bank Boosts Stake in Ford Motor (NYSE:F)

Busey Bank increased its stake in shares of Ford Motor (NYSE:F) by 25.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,419 shares of the auto manufacturer’s stock after buying an additional 6,465 shares during the quarter. Busey Bank’s holdings in Ford Motor were worth $311,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Ford Motor in the second quarter valued at $27,000. Reston Wealth Management LLC purchased a new stake in shares of Ford Motor in the third quarter worth about $33,000. Access Investment Management LLC purchased a new stake in shares of Ford Motor in the third quarter worth about $34,000. Modus Advisors LLC acquired a new stake in Ford Motor during the fourth quarter worth about $34,000. Finally, Truvestments Capital LLC purchased a new position in Ford Motor during the third quarter valued at approximately $37,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Down 0.6 %

Shares of F opened at $10.15 on Friday. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The stock has a market cap of $40.32 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 1.93 and a beta of 1.64. The firm’s fifty day moving average is $10.24 and its two-hundred day moving average is $10.76. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. The company had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 EPS. Research analysts forecast that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on F shares. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. Finally, Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and cut their price objective for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $11.82.

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.