Ford Motor (NYSE:F) Shares Sold by Cromwell Holdings LLC

by · The Cerbat Gem

Cromwell Holdings LLC trimmed its holdings in Ford Motor (NYSE:F – Free Report) by 35.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,447 shares of the auto manufacturer’s stock after selling 4,014 shares during the period. Cromwell Holdings LLC’s holdings in Ford Motor were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Olistico Wealth LLC acquired a new stake in Ford Motor during the second quarter valued at approximately $25,000. Family Firm Inc. bought a new position in Ford Motor during the second quarter worth $26,000. Quarry LP bought a new position in Ford Motor during the second quarter worth $27,000. Ridgewood Investments LLC acquired a new stake in shares of Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC bought a new position in shares of Ford Motor in the 2nd quarter worth about $30,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F opened at $11.07 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The firm has a market cap of $44.20 billion, a PE ratio of 11.41, a P/E/G ratio of 0.77 and a beta of 1.62. The business has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $11.72. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85.

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

Wall Street Analyst Weigh In

F has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada decreased their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Wells Fargo & Company reduced their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $12.56.

View Our Latest Analysis on F

Ford Motor Profile

(Free Report)

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.

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