Baron Wealth Management LLC Has $2.40 Million Position in Ford Motor (NYSE:F)

Baron Wealth Management LLC lifted its stake in Ford Motor (NYSE:F) by 33.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,154 shares of the auto manufacturer’s stock after acquiring an additional 60,640 shares during the quarter. Ford Motor makes up 1.1% of Baron Wealth Management LLC’s portfolio, making the stock its 12th biggest holding. Baron Wealth Management LLC’s holdings in Ford Motor were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP bought a new stake in Ford Motor in the second quarter worth approximately $27,000. Kimelman & Baird LLC bought a new stake in Ford Motor in the second quarter worth $30,000. Reston Wealth Management LLC acquired a new position in Ford Motor during the third quarter worth $33,000. Access Investment Management LLC acquired a new position in Ford Motor during the third quarter worth $34,000. Finally, Modus Advisors LLC bought a new position in Ford Motor during the fourth quarter valued at about $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Ford Motor stock opened at $10.20 on Thursday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The firm has a market cap of $40.54 billion, a P/E ratio of 11.59, a P/E/G ratio of 1.93 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The business’s fifty day moving average is $10.25 and its two-hundred day moving average is $10.76.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. Equities research analysts forecast that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Jefferies Financial Group downgraded 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 research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft cut their price objective 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, Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $11.82.

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.