TD Waterhouse Canada Inc. Sells 158,026 Shares of Ford Motor Company $F

TD Waterhouse Canada Inc. reduced its holdings in Ford Motor Company (NYSE:F) by 28.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 405,395 shares of the auto manufacturer’s stock after selling 158,026 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ford Motor were worth $4,435,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor during the second quarter valued at about $25,000. Corsicana & Co. purchased a new position in shares of Ford Motor during the 3rd quarter worth approximately $25,000. Country Trust Bank bought a new position in shares of Ford Motor in the 2nd quarter worth approximately $27,000. Capital A Wealth Management LLC lifted its stake in shares of Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 2,279 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in Ford Motor in the second quarter worth $30,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F stock opened at $13.87 on Friday. The stock’s 50 day simple moving average is $13.48 and its 200 day simple moving average is $12.48. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.50. The stock has a market capitalization of $55.25 billion, a PE ratio of 11.95, a price-to-earnings-growth ratio of 5.92 and a beta of 1.62.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on F. Wells Fargo & Company boosted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Friday, October 24th. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Morgan Stanley upped their price objective on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. HSBC lifted their target price on shares of Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a report on Tuesday, January 13th. Finally, Barclays raised their price objective on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.19.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.