Ergawealth Advisors Inc. Has $792,000 Holdings in Ford Motor (NYSE:F)

Ergawealth Advisors Inc. cut its position in Ford Motor (NYSE:F) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,033 shares of the auto manufacturer’s stock after selling 967 shares during the quarter. Ford Motor comprises approximately 0.4% of Ergawealth Advisors Inc.’s holdings, making the stock its 29th biggest position. Ergawealth Advisors Inc.’s holdings in Ford Motor were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in Ford Motor by 14,373.9% in the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after buying an additional 8,824,000 shares during the period. International Assets Investment Management LLC raised its stake in Ford Motor by 1,215.6% in the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock valued at $28,444,000 after acquiring an additional 2,488,850 shares during the period. TFG Advisers LLC lifted its holdings in Ford Motor by 222.2% during the 3rd quarter. TFG Advisers LLC now owns 46,200 shares of the auto manufacturer’s stock valued at $488,000 after purchasing an additional 31,863 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in Ford Motor by 27.2% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 158,598 shares of the auto manufacturer’s stock worth $1,675,000 after purchasing an additional 33,878 shares during the period. Finally, Elevated Capital Advisors LLC raised its position in shares of Ford Motor by 2.3% in the third quarter. Elevated Capital Advisors LLC now owns 69,237 shares of the auto manufacturer’s stock valued at $731,000 after purchasing an additional 1,578 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

F stock opened at $11.23 on Friday. The company’s 50-day moving average price is $10.80 and its two-hundred day moving average price is $11.72. The firm has a market cap of $44.83 billion, a P/E ratio of 11.58, a P/E/G ratio of 0.77 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 has a 12 month low of $9.49 and a 12 month high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same period last year, the business earned $0.72 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on F shares. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Evercore ISI upgraded Ford Motor to a “hold” rating in a report on Friday, July 26th. Barclays lowered their target price on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Royal Bank of Canada lowered their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.56.

About Ford Motor

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.