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

TD Waterhouse Canada Inc. lowered its stake in Ford Motor Company (NYSE:F) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

A number of other hedge funds have also added to or reduced their stakes in F. Vanguard Group Inc. grew its holdings in shares of Ford Motor by 1.0% in the second quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock worth $5,015,369,000 after acquiring an additional 4,585,636 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Ford Motor by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after purchasing an additional 5,118,228 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares during the last quarter. Norges Bank purchased a new stake in shares of Ford Motor during the 2nd quarter valued at about $405,328,000. Finally, Legal & General Group Plc lifted its stake in shares of Ford Motor by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock worth $372,170,000 after purchasing an additional 1,104,139 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Trading Down 1.0%

Shares of F stock opened at $13.87 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The stock has a fifty day simple moving average of $13.48 and a two-hundred day simple moving average of $12.48. The firm has a market capitalization of $55.25 billion, a PE ratio of 11.95, a PEG ratio of 5.92 and a beta of 1.62. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.50.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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 research report on Friday, October 24th. Barclays raised their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. TD Cowen boosted their price target on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, January 13th. HSBC raised their price objective on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Finally, Evercore ISI lifted their price objective on Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a research report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.