Ford Motor (NYSE:F) Shares Sold by Redwood Wealth Management Group LLC

Redwood Wealth Management Group LLC lowered its stake in shares of Ford Motor (NYSE:F) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,484 shares of the auto manufacturer’s stock after selling 1,329 shares during the quarter. Redwood Wealth Management Group LLC’s holdings in Ford Motor were worth $381,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth $214,000. Quarry LP acquired a new position in shares of Ford Motor in the 2nd quarter valued at about $27,000. Handelsbanken Fonder AB increased its stake in Ford Motor by 4.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 504,928 shares of the auto manufacturer’s stock valued at $5,332,000 after buying an additional 19,722 shares during the period. Czech National Bank increased its stake in shares of Ford Motor by 6.5% in the third quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after acquiring an additional 48,456 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Ford Motor by 19.6% during the 3rd quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock worth $468,000 after purchasing an additional 7,256 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE:F opened at $10.16 on Wednesday. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The firm has a 50 day moving average of $10.18 and a 200-day moving average of $10.64. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a market capitalization of $40.36 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a report on Tuesday, October 29th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a research note 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 on the stock in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective on the stock. in a report on Thursday, November 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus 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.