First Republic Investment Management Inc. Acquires 402,065 Shares of Ford Motor (NYSE:F)

First Republic Investment Management Inc. boosted its position in shares of Ford Motor (NYSE:F – Get Rating) by 32.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,636,021 shares of the auto manufacturer’s stock after acquiring an additional 402,065 shares during the period. First Republic Investment Management Inc.’s holdings in Ford Motor were worth $18,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in F. RB Capital Management LLC raised its stake in Ford Motor by 14.6% during the 1st quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock worth $462,000 after acquiring an additional 3,477 shares during the period. Fairfield Bush & CO. bought a new stake in Ford Motor during the 1st quarter worth approximately $37,000. Synovus Financial Corp raised its stake in Ford Motor by 275.4% during the 1st quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock worth $1,886,000 after acquiring an additional 81,783 shares during the period. Blair William & Co. IL raised its position in shares of Ford Motor by 17.3% during the first quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock valued at $5,509,000 after buying an additional 47,959 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its position in shares of Ford Motor by 3.0% during the first quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock valued at $9,537,000 after buying an additional 16,498 shares during the last quarter. Institutional investors own 49.68% of the company’s stock.

Insiders Place Their Bets

In other Ford Motor news, insider Stuart J. Rowley sold 29,821 shares of Ford Motor stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $13.97, for a total transaction of $416,599.37. Following the completion of the transaction, the insider now directly 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 Securities & Exchange Commission, which can be accessed through this link. 0.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Ford Motor Stock Down 0.5 %

NYSE F opened at $12.74 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 2.00. The company has a fifty day moving average of $12.81 and a two-hundred day moving average of $13.39. The firm has a market capitalization of $51.22 billion, a price-to-earnings ratio of 5.79, a PEG ratio of 1.09 and a beta of 1.44. Ford Motor has a 52 week low of $10.61 and a 52 week high of $21.05.

Ford Motor (NYSE:F – Get Rating) last posted its quarterly earnings data on Wednesday, October 26th. The auto manufacturer reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.01). The firm had revenue of $37.19 billion for the quarter, compared to analysts’ expectations of $37.11 billion. Ford Motor had a return on equity of 14.69% and a net margin of 5.94%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, analysts predict that Ford Motor will post 1.96 earnings per share for the current year.

Ford Motor Profile

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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.