Commerzbank Aktiengesellschaft FI Sells 42,919 Shares of Ford Motor Company $F

Commerzbank Aktiengesellschaft FI cut its stake in Ford Motor Company (NYSE:F) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,357 shares of the auto manufacturer’s stock after selling 42,919 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Ford Motor were worth $2,337,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of F. First Citizens Bank & Trust Co. acquired a new position in Ford Motor during the third quarter worth $326,000. 1834 Investment Advisors Co. grew its holdings in shares of Ford Motor by 20.6% in the 3rd quarter. 1834 Investment Advisors Co. now owns 476,405 shares of the auto manufacturer’s stock worth $5,698,000 after purchasing an additional 81,408 shares during the last quarter. Sagespring Wealth Partners LLC increased its position in shares of Ford Motor by 6.2% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 56,469 shares of the auto manufacturer’s stock worth $675,000 after purchasing an additional 3,312 shares in the last quarter. Acorn Wealth Advisors LLC increased its position in shares of Ford Motor by 4.6% during the 3rd quarter. Acorn Wealth Advisors LLC now owns 32,568 shares of the auto manufacturer’s stock worth $390,000 after purchasing an additional 1,429 shares in the last quarter. Finally, Virtue Capital Management LLC bought a new position in Ford Motor during the 3rd quarter valued at about $212,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on F shares. Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Morgan Stanley increased their price target on Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. Wells Fargo & Company increased their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $13.19.

Ford Motor Trading Down 1.1%

F stock opened at $13.57 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.50. The company has a market cap of $54.05 billion, a P/E ratio of 11.69, a PEG ratio of 5.68 and a beta of 1.62. The business has a fifty day moving average of $13.38 and a 200-day moving average of $12.42.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. As a group, equities research analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

About Ford Motor

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.