Ford Motor (NYSE:F) Shares Sold by Abundance Wealth Counselors

Abundance Wealth Counselors trimmed its holdings in Ford Motor (NYSE:F) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,125 shares of the auto manufacturer’s stock after selling 13,805 shares during the period. Abundance Wealth Counselors’ holdings in Ford Motor were worth $1,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in Ford Motor during the fourth quarter worth $93,000. Austin Private Wealth LLC boosted its holdings in shares of Ford Motor by 48.2% during the fourth quarter. Austin Private Wealth LLC now owns 17,235 shares of the auto manufacturer’s stock worth $171,000 after purchasing an additional 5,607 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in Ford Motor by 9.3% during the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 23,604 shares of the auto manufacturer’s stock worth $234,000 after buying an additional 2,007 shares during the period. Coastwise Capital Group LLC grew its holdings in Ford Motor by 5.1% in the 4th quarter. Coastwise Capital Group LLC now owns 64,081 shares of the auto manufacturer’s stock valued at $634,000 after buying an additional 3,136 shares during the period. Finally, Sonora Investment Management Group LLC boosted its position in shares of Ford Motor by 10.3% in the fourth quarter. Sonora Investment Management Group LLC now owns 13,581 shares of the auto manufacturer’s stock worth $134,000 after acquiring an additional 1,264 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the company from $12.00 to $9.00 in a report on Monday, December 16th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given 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 $11.82.

Ford Motor Stock Down 0.9 %

Shares of NYSE:F opened at $10.07 on Friday. The firm has a market cap of $40.00 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.64. The company has a fifty day simple moving average of $10.21 and a 200 day simple moving average of $10.73. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

About Ford Motor

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.