Lincoln National Corp Sells 9,307 Shares of Ford Motor (NYSE:F)

Lincoln National Corp lowered its holdings in Ford Motor (NYSE:FGet Rating) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,637 shares of the auto manufacturer’s stock after selling 9,307 shares during the quarter. Lincoln National Corp’s holdings in Ford Motor were worth $1,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alpha Cubed Investments LLC grew its stake in Ford Motor by 38.2% during the third quarter. Alpha Cubed Investments LLC now owns 41,190 shares of the auto manufacturer’s stock worth $461,000 after buying an additional 11,396 shares during the last quarter. Ieq Capital LLC grew its stake in Ford Motor by 54.9% during the third quarter. Ieq Capital LLC now owns 132,921 shares of the auto manufacturer’s stock worth $1,489,000 after buying an additional 47,116 shares during the last quarter. First Republic Investment Management Inc. grew its stake in Ford Motor by 32.6% during the third quarter. First Republic Investment Management Inc. now owns 1,636,021 shares of the auto manufacturer’s stock worth $18,323,000 after buying an additional 402,065 shares during the last quarter. Citizens Business Bank bought a new stake in Ford Motor during the third quarter worth about $273,000. Finally, Eudaimonia Advisors LLC grew its stake in Ford Motor by 10.1% during the third quarter. Eudaimonia Advisors LLC now owns 15,772 shares of the auto manufacturer’s stock worth $177,000 after buying an additional 1,451 shares during the last quarter. Institutional investors own 49.68% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on F. Morgan Stanley upped their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, October 28th. Citigroup upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. UBS Group lowered shares of Ford Motor from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $13.00 to $10.00 in a research report on Monday, October 10th. StockNews.com began coverage on shares of Ford Motor in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a research report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.29.

Ford Motor Stock Down 0.5 %

Shares of F stock opened at $12.74 on Wednesday. The firm has a fifty day moving average of $12.81 and a 200-day moving average of $13.39. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 2.00. Ford Motor has a 12-month low of $10.61 and a 12-month high of $21.05. The company has a market capitalization of $51.22 billion, a price-to-earnings ratio of 5.79, a P/E/G ratio of 1.09 and a beta of 1.44.

Ford Motor (NYSE:FGet Rating) last released its earnings results on Wednesday, October 26th. The auto manufacturer reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The business had revenue of $37.19 billion during the quarter, compared to the consensus estimate of $37.11 billion. Ford Motor had a net margin of 5.94% and a return on equity of 14.69%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. As a group, equities research analysts predict that Ford Motor will post 1.96 earnings per share for the current fiscal year.

Insider Activity at Ford Motor

In related news, insider Stuart J. Rowley sold 29,821 shares of the firm’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $13.97, for a total value of $416,599.37. Following the completion of the transaction, the insider now owns 224,978 shares of the company’s stock, valued at $3,142,942.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by insiders.

About Ford Motor

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Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Mobility, Ford Credit, Corporate Other, Interest on Debt, and Special Items. The Automotive segment develops, manufactures, markets, and services Ford and Lincoln vehicles, service parts, and accessories.

See Also

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

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