Weaver Capital Management LLC Sells 8,989 Shares of Ford Motor (NYSE:F)

Weaver Capital Management LLC lowered its stake in shares of Ford Motor (NYSE:F) by 19.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 37,840 shares of the auto manufacturer’s stock after selling 8,989 shares during the period. Weaver Capital Management LLC’s holdings in Ford Motor were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Leo Wealth LLC lifted its stake in Ford Motor by 8.3% during the 3rd quarter. Leo Wealth LLC now owns 19,489 shares of the auto manufacturer’s stock valued at $206,000 after acquiring an additional 1,489 shares during the period. Spartan Fund Management Inc. lifted its stake in Ford Motor by 1.7% during the 3rd quarter. Spartan Fund Management Inc. now owns 96,000 shares of the auto manufacturer’s stock valued at $1,014,000 after acquiring an additional 1,600 shares during the period. Eastern Bank bought a new position in Ford Motor during the 3rd quarter valued at about $113,000. Xcel Wealth Management LLC lifted its stake in Ford Motor by 38.1% during the 3rd quarter. Xcel Wealth Management LLC now owns 1,102,156 shares of the auto manufacturer’s stock valued at $11,639,000 after acquiring an additional 303,881 shares during the period. Finally, Foundations Investment Advisors LLC lifted its stake in Ford Motor by 6.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 96,156 shares of the auto manufacturer’s stock valued at $1,015,000 after acquiring an additional 5,481 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 2.1 %

Ford Motor stock opened at $11.11 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The firm has a 50 day moving average of $10.79 and a 200 day moving average of $11.73. The firm has a market capitalization of $44.35 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same period last year, the business earned $0.72 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. As a group, research analysts predict that Ford Motor will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on F shares. Barclays lowered their target price on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research note on Friday, July 26th. Wolfe Research initiated coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada lowered their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.56.

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.