Richardson Financial Services Inc. Sells 1,750 Shares of Ford Motor (NYSE:F)

Richardson Financial Services Inc. cut its position in shares of Ford Motor (NYSE:F) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,040 shares of the auto manufacturer’s stock after selling 1,750 shares during the quarter. Richardson Financial Services Inc.’s holdings in Ford Motor were worth $89,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Ford Motor by 112.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after purchasing an additional 6,348,185 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after purchasing an additional 5,270,562 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Ford Motor in the third quarter valued at about $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Ford Motor by 420.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock worth $63,812,000 after buying an additional 4,881,105 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of F opened at $10.07 on Monday. The stock has a market cap of $40.00 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.64. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The stock’s 50-day moving average price is $10.21 and its two-hundred day moving average price is $10.70. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Wall Street Analyst Weigh In

F has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and lowered their price target for the company from $12.00 to $9.00 in a report on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.82.

Ford Motor Profile

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.