Avanza Fonder AB Buys New Position in Ford Motor (NYSE:F)

Avanza Fonder AB purchased a new position in shares of Ford Motor (NYSE:F) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 403,951 shares of the auto manufacturer’s stock, valued at approximately $3,999,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cohen Investment Advisors LLC lifted its stake in shares of Ford Motor by 4.6% during the 4th quarter. Cohen Investment Advisors LLC now owns 34,257 shares of the auto manufacturer’s stock worth $339,000 after purchasing an additional 1,491 shares during the period. Congress Park Capital LLC acquired a new position in Ford Motor in the fourth quarter valued at $104,000. Tallon Kerry Patrick purchased a new position in Ford Motor during the fourth quarter worth about $116,000. IFS Advisors LLC boosted its stake in Ford Motor by 104.8% in the 4th quarter. IFS Advisors LLC now owns 4,095 shares of the auto manufacturer’s stock worth $41,000 after buying an additional 2,095 shares during the last quarter. Finally, ERn Financial LLC increased its stake in shares of Ford Motor by 2.2% during the 4th quarter. ERn Financial LLC now owns 59,045 shares of the auto manufacturer’s stock valued at $585,000 after acquiring an additional 1,250 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of NYSE:F opened at $10.17 on Friday. The business’s 50-day simple moving average is $10.40 and its 200 day simple moving average is $10.96. The company has a market cap of $40.43 billion, a P/E ratio of 11.56, a PEG ratio of 1.86 and a beta of 1.64. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a one year low of $9.49 and a one year high of $14.85.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. On average, sell-side analysts forecast that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.90%. Ford Motor’s dividend payout ratio is presently 68.18%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on F. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.83.

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.