Cambridge Investment Research Advisors Inc. Purchases 262,865 Shares of Ford Motor (NYSE:F)

Cambridge Investment Research Advisors Inc. increased its position in shares of Ford Motor (NYSE:F) by 16.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,825,870 shares of the auto manufacturer’s stock after acquiring an additional 262,865 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Ford Motor were worth $27,132,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Ford Motor by 3.8% in the 1st quarter. BlackRock Inc. now owns 281,864,852 shares of the auto manufacturer’s stock valued at $3,452,844,000 after acquiring an additional 10,258,701 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in Ford Motor in the 1st quarter valued at $80,483,000. Morgan Stanley increased its holdings in Ford Motor by 20.3% in the 1st quarter. Morgan Stanley now owns 30,548,664 shares of the auto manufacturer’s stock valued at $374,221,000 after acquiring an additional 5,149,188 shares during the last quarter. Prudential Financial Inc. increased its holdings in Ford Motor by 76.0% in the 1st quarter. Prudential Financial Inc. now owns 11,502,939 shares of the auto manufacturer’s stock valued at $140,911,000 after acquiring an additional 4,967,888 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in Ford Motor by 25.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 20,678,995 shares of the auto manufacturer’s stock valued at $253,318,000 after acquiring an additional 4,216,773 shares during the last quarter. Hedge funds and other institutional investors own 50.86% of the company’s stock.

Shares of F opened at $12.86 on Wednesday. Ford Motor has a 1-year low of $6.41 and a 1-year high of $16.45. The company has a 50-day moving average of $13.51 and a 200 day moving average of $13.29. The firm has a market capitalization of $51.37 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.35 and a beta of 1.14. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.21 and a quick ratio of 1.05.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, July 27th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.16. Ford Motor had a net margin of 2.50% and a return on equity of 24.26%. The company had revenue of $24.13 billion during the quarter, compared to analyst estimates of $21.50 billion. On average, equities analysts anticipate that Ford Motor will post 1.61 earnings per share for the current fiscal year.

A number of analysts have issued reports on the stock. Royal Bank of Canada upgraded shares of Ford Motor from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $13.00 to $17.00 in a report on Thursday, May 27th. Bank of America lifted their price target on shares of Ford Motor from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 16th. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, June 4th. UBS Group lifted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 29th. Finally, Tudor Pickering assumed coverage on shares of Ford Motor in a research note on Tuesday, May 18th. They issued a “buy” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Buy” and an average price target of $14.94.

In other news, insider Stuart J. Rowley sold 15,000 shares of the business’s stock in a transaction dated Friday, June 18th. The shares were sold at an average price of $14.62, for a total value of $219,300.00. Following the completion of the sale, the insider now owns 153,614 shares in the company, valued at approximately $2,245,836.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stuart J. Rowley sold 37,414 shares of the business’s stock in a transaction that occurred on Monday, June 21st. The stock was sold at an average price of $14.82, for a total transaction of $554,475.48. Following the transaction, the insider now owns 153,614 shares of the company’s stock, valued at approximately $2,276,559.48. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

About Ford Motor

Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business.

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

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