Kennebec Savings Bank Has $34,000 Stock Position in Ford Motor (NYSE:F)

Kennebec Savings Bank decreased its holdings in Ford Motor (NYSE:F) by 86.3% during the 4th quarter, HoldingsChannel reports. The firm owned 3,457 shares of the auto manufacturer’s stock after selling 21,705 shares during the quarter. Kennebec Savings Bank’s holdings in Ford Motor were worth $34,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Sonora Investment Management Group LLC grew its stake in shares of Ford Motor by 10.3% during the fourth quarter. Sonora Investment Management Group LLC now owns 13,581 shares of the auto manufacturer’s stock worth $134,000 after buying an additional 1,264 shares during the last quarter. Calton & Associates Inc. grew its position in Ford Motor by 22.1% during the 4th quarter. Calton & Associates Inc. now owns 41,676 shares of the auto manufacturer’s stock worth $413,000 after acquiring an additional 7,552 shares during the last quarter. Crews Bank & Trust bought a new position in Ford Motor in the fourth quarter valued at about $34,000. OLD National Bancorp IN boosted its stake in shares of Ford Motor by 8.5% during the fourth quarter. OLD National Bancorp IN now owns 609,611 shares of the auto manufacturer’s stock valued at $6,035,000 after purchasing an additional 47,728 shares in the last quarter. Finally, Busey Bank raised its holdings in Ford Motor by 25.9% in the 4th quarter. Busey Bank now owns 31,419 shares of the auto manufacturer’s stock valued at $311,000 after buying an additional 6,465 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 0.6 %

F stock opened at $10.15 on Friday. The stock has a market cap of $40.32 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.97 and a beta of 1.64. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock’s fifty day simple moving average is $10.24 and its two-hundred day simple moving average is $10.76.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share 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 analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Analysts expect that Ford Motor will post 1.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. 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 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. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $11.82.

Ford Motor 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.