Washington Trust Bank bought a new position in Ford Motor (NYSE:F) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,981 shares of the auto manufacturer’s stock, valued at approximately $103,000.

Several other institutional investors and hedge funds have also bought and sold shares of F. Pzena Investment Management LLC increased its stake in Ford Motor by 62.0% in the 1st quarter. Pzena Investment Management LLC now owns 51,098,081 shares of the auto manufacturer’s stock valued at $246,804,000 after buying an additional 19,549,840 shares during the last quarter. Legal & General Group Plc increased its stake in Ford Motor by 3.6% in the 1st quarter. Legal & General Group Plc now owns 29,219,928 shares of the auto manufacturer’s stock valued at $141,612,000 after buying an additional 1,012,931 shares during the last quarter. Norges Bank purchased a new stake in Ford Motor in the 4th quarter valued at about $197,547,000. Invesco Ltd. increased its stake in Ford Motor by 5.3% in the 1st quarter. Invesco Ltd. now owns 19,787,170 shares of the auto manufacturer’s stock valued at $95,573,000 after buying an additional 1,000,079 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in Ford Motor by 4.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,621,382 shares of the auto manufacturer’s stock valued at $101,058,000 after buying an additional 702,505 shares during the last quarter. Institutional investors own 49.28% of the company’s stock.

Several brokerages have recently issued reports on F. Goldman Sachs Group began coverage on shares of Ford Motor in a research note on Tuesday, April 14th. They set a “neutral” rating and a $5.00 price target for the company. TheStreet lowered shares of Ford Motor from a “c-” rating to a “d” rating in a research note on Tuesday, April 28th. Barclays raised their price target on shares of Ford Motor from $4.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. UBS Group raised their price target on shares of Ford Motor from $4.30 to $6.70 and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, ValuEngine upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.48.

Shares of F stock traded down $0.13 during mid-day trading on Friday, reaching $6.61. The stock had a trading volume of 115,394,121 shares, compared to its average volume of 69,829,240. The stock’s 50-day moving average price is $6.37 and its two-hundred day moving average price is $6.42. Ford Motor has a 52-week low of $3.96 and a 52-week high of $9.65. The company has a debt-to-equity ratio of 3.85, a current ratio of 1.32 and a quick ratio of 1.20.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, July 30th. The auto manufacturer reported ($0.35) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.30) by $0.95. The firm had revenue of $19.37 billion for the quarter, compared to analysts’ expectations of $15.07 billion. Ford Motor had a negative net margin of 1.63% and a negative return on equity of 1.47%. As a group, equities analysts predict that Ford Motor will post -1.28 earnings per share for the current year.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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