Formula Growth Ltd. Grows Holdings in Ford Motor (NYSE:F)

Formula Growth Ltd. lifted its position in shares of Ford Motor (NYSE:F) by 148.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 298,346 shares of the auto manufacturer’s stock after buying an additional 178,346 shares during the quarter. Formula Growth Ltd.’s holdings in Ford Motor were worth $2,954,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new position in shares of Ford Motor during the fourth quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor in the fourth quarter worth $29,000. Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor during the 4th quarter valued at about $30,000. Kentucky Trust Co purchased a new position in Ford Motor during the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC boosted its position in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,068 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $9.63 on Friday. The business’s 50 day moving average price is $9.60 and its 200 day moving average price is $10.13. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a market cap of $38.16 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 0.61 and a beta of 1.41. Ford Motor has a one year low of $8.44 and a one year high of $14.85.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on F shares. BNP Paribas raised shares of Ford Motor to a “hold” rating in a report on Monday, February 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 target price (down from $11.00) on shares of Ford Motor in a research note on Thursday, April 10th. UBS Group cut their price target on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Evercore ISI dropped their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, Royal Bank of Canada decreased their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $10.30.

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.