Frank Rimerman Advisors LLC Takes $676,000 Position in Ford Motor Company $F

Frank Rimerman Advisors LLC acquired a new stake in shares of Ford Motor Company (NYSE:F) during the third quarter, HoldingsChannel reports. The fund acquired 56,498 shares of the auto manufacturer’s stock, valued at approximately $676,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Investment Advisors LLC lifted its stake in shares of Ford Motor by 1.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after buying an additional 824 shares in the last quarter. Silverlake Wealth Management LLC increased its holdings in Ford Motor by 1.7% in the third quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock valued at $575,000 after buying an additional 827 shares in the last quarter. Searle & CO. lifted its stake in shares of Ford Motor by 2.1% in the third quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock worth $488,000 after buying an additional 833 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Ford Motor by 2.4% in the 3rd quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock valued at $427,000 after acquiring an additional 851 shares during the period. Finally, Mather Group LLC. grew its holdings in Ford Motor by 4.8% during the 3rd quarter. Mather Group LLC. now owns 19,316 shares of the auto manufacturer’s stock worth $231,000 after acquiring an additional 878 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

F opened at $13.87 on Friday. The firm has a market cap of $55.25 billion, a P/E ratio of 11.95, a price-to-earnings-growth 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. 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 business’s fifty day moving average is $13.48 and its 200-day moving average is $12.49.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on F. Royal Bank Of Canada increased their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Wells Fargo & Company lifted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. UBS Group upped their price target on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Evercore ISI upped their price target on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. Finally, Morgan Stanley lifted their price target on Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.