Ridgewood Investments LLC Purchases New Position in Ford Motor (NYSE:F)

Posted by on Jul 12th, 2023

Ridgewood Investments LLC acquired a new position in shares of Ford Motor (NYSE:F – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,200 shares of the auto manufacturer’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Snider Financial Group boosted its stake in Ford Motor by 100,345.2% in the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. Norges Bank acquired a new position in Ford Motor during the 4th quarter worth about $419,237,000. Moneta Group Investment Advisors LLC increased its position in Ford Motor by 81,406.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock valued at $351,241,000 after acquiring an additional 30,164,236 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Ford Motor by 861.4% in the fourth quarter. Franklin Resources Inc. now owns 7,534,381 shares of the auto manufacturer’s stock worth $87,625,000 after acquiring an additional 6,750,728 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $66,541,000. 53.20% of the stock is owned by institutional investors.

Ford Motor Trading Up 1.1 %

NYSE:F opened at $15.23 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 2.16. Ford Motor has a twelve month low of $10.90 and a twelve month high of $16.68. The company has a market cap of $60.93 billion, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.35 and a beta of 1.59. The business has a 50 day moving average price of $13.19 and a two-hundred day moving average price of $12.67.

Ford Motor (NYSE:F – Get Free Report) last posted its quarterly earnings results on Tuesday, May 2nd. The auto manufacturer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.27. Ford Motor had a return on equity of 19.99% and a net margin of 1.75%. The firm had revenue of $39.09 billion during the quarter, compared to the consensus estimate of $37.42 billion. During the same period last year, the company earned $0.38 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. As a group, analysts expect that Ford Motor will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on F. Benchmark boosted their price objective on shares of Ford Motor from $19.00 to $20.00 in a research report on Wednesday, May 3rd. TheStreet upgraded Ford Motor from a “c+” rating to a “b” rating in a report on Tuesday, May 2nd. Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.80 to $16.00 in a report on Monday, June 5th. Morgan Stanley upped their target price on shares of Ford Motor from $14.00 to $16.00 in a research report on Thursday, July 6th. Finally, Wells Fargo & Company lifted their price target on shares of Ford Motor from $10.00 to $11.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $15.20.

About Ford Motor

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

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