International Assets Investment Management LLC Buys 2,488,850 Shares of Ford Motor (NYSE:F)

International Assets Investment Management LLC increased its stake in Ford Motor (NYSE:F) by 1,215.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,693,585 shares of the auto manufacturer’s stock after purchasing an additional 2,488,850 shares during the period. International Assets Investment Management LLC’s holdings in Ford Motor were worth $28,444,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Legacy Wealth Asset Management LLC boosted its stake in Ford Motor by 1.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after buying an additional 836 shares in the last quarter. Insight Wealth Partners LLC boosted its stake in Ford Motor by 1.9% in the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after buying an additional 843 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after buying an additional 846 shares in the last quarter. RB Capital Management LLC boosted its stake in Ford Motor by 2.9% in the first quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after buying an additional 857 shares in the last quarter. Finally, Freestone Capital Holdings LLC boosted its stake in Ford Motor by 5.0% in the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after buying an additional 875 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $11.37 on Tuesday. The stock has a fifty day moving average of $10.84 and a 200 day moving average of $11.67. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The firm has a market capitalization of $45.39 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.58 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the previous year, the business earned $0.39 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Ford Motor will post 1.86 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a research note on Tuesday, September 10th. Wells Fargo & Company cut their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Wolfe Research began coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Barclays dropped their price objective on Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.56.

Ford Motor Company Profile

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.