Bank of The West Acquires 11,674 Shares of Ford Motor (NYSE:F)

Bank of The West raised its holdings in Ford Motor (NYSE:F) by 17.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,169 shares of the auto manufacturer’s stock after buying an additional 11,674 shares during the quarter. Bank of The West’s holdings in Ford Motor were worth $373,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Inscription Capital LLC boosted its stake in shares of Ford Motor by 6.1% in the 4th quarter. Inscription Capital LLC now owns 21,351 shares of the auto manufacturer’s stock valued at $199,000 after purchasing an additional 1,225 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in shares of Ford Motor by 5.0% in the 4th quarter. AlphaStar Capital Management LLC now owns 29,059 shares of the auto manufacturer’s stock valued at $270,000 after purchasing an additional 1,372 shares in the last quarter. Conning Inc. boosted its stake in shares of Ford Motor by 3.0% in the 4th quarter. Conning Inc. now owns 55,502 shares of the auto manufacturer’s stock valued at $516,000 after purchasing an additional 1,628 shares in the last quarter. Gilbert & Cook Inc. boosted its stake in shares of Ford Motor by 11.9% in the 4th quarter. Gilbert & Cook Inc. now owns 16,893 shares of the auto manufacturer’s stock valued at $157,000 after purchasing an additional 1,791 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its stake in shares of Ford Motor by 1.5% in the 4th quarter. Sowell Financial Services LLC now owns 129,725 shares of the auto manufacturer’s stock valued at $1,206,000 after purchasing an additional 1,894 shares in the last quarter. 51.41% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the stock. Credit Suisse Group downgraded shares of Ford Motor from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $11.00 to $9.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley reduced their price target on shares of Ford Motor from $10.00 to $7.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 24th. Deutsche Bank reduced their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, February 5th. Finally, Bank of America reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.49.

NYSE F opened at $5.63 on Friday. The business has a 50 day simple moving average of $4.97 and a 200 day simple moving average of $7.40. Ford Motor has a 52-week low of $3.96 and a 52-week high of $10.56. The company has a debt-to-equity ratio of 3.85, a quick ratio of 1.20 and a current ratio of 1.32. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of -7.31 and a beta of 1.27.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, April 28th. The auto manufacturer reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.13). Ford Motor had a positive return on equity of 6.54% and a negative net margin of 2.06%. The firm had revenue of $34.32 billion for the quarter, compared to analyst estimates of $31.73 billion. During the same period last year, the company earned ($0.07) EPS. The company’s revenue was down 14.9% compared to the same quarter last year. On average, analysts predict that Ford Motor will post -1.44 EPS for the current year.

In related news, COO James D. Farley, Jr. acquired 194,950 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $5.13 per share, with a total value of $1,000,093.50. Following the acquisition, the chief operating officer now owns 828,922 shares in the company, valued at approximately $4,252,369.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Lechleiter acquired 10,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was bought at an average cost of $5.10 per share, with a total value of $51,000.00. Following the acquisition, the director now owns 110,000 shares in the company, valued at approximately $561,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 214,950 shares of company stock valued at $1,104,694. Insiders own 0.91% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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