Mirae Asset Global Investments Co. Ltd. Has $50.73 Million Position in Ford Motor Company $F

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ford Motor Company (NYSE:F) by 1.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,241,708 shares of the auto manufacturer’s stock after acquiring an additional 45,225 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ford Motor were worth $50,731,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH bought a new position in shares of Ford Motor during the 2nd quarter valued at $25,000. Corsicana & Co. bought a new stake in Ford Motor during the third quarter valued at about $25,000. Country Trust Bank bought a new position in shares of Ford Motor in the second quarter worth about $27,000. Capital A Wealth Management LLC grew its holdings in Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 2,279 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in Ford Motor in the 2nd quarter valued at approximately $30,000. Institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on F shares. Wells Fargo & Company increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Friday, October 24th. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Morgan Stanley increased their price objective on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, December 22nd. Finally, TD Cowen boosted their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.19.

Ford Motor Price Performance

NYSE:F opened at $13.82 on Thursday. The firm has a fifty day simple moving average of $13.43 and a 200 day simple moving average of $12.46. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.50. The stock has a market capitalization of $55.05 billion, a PE ratio of 11.91, a P/E/G ratio of 5.89 and a beta of 1.62. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20.

Ford Motor 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.