Ford Motor (NYSE:F) Stake Increased by Voloridge Investment Management LLC

Voloridge Investment Management LLC increased its holdings in shares of Ford Motor (NYSE:F) by 2,905.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,989,463 shares of the auto manufacturer’s stock after buying an additional 7,723,601 shares during the quarter. Voloridge Investment Management LLC owned 0.20% of Ford Motor worth $79,096,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Waverly Advisors LLC lifted its stake in Ford Motor by 137.4% in the 4th quarter. Waverly Advisors LLC now owns 86,639 shares of the auto manufacturer’s stock worth $858,000 after acquiring an additional 50,150 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its stake in Ford Motor by 70.5% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 8,954,748 shares of the auto manufacturer’s stock worth $88,652,000 after acquiring an additional 3,703,206 shares in the last quarter. Woodline Partners LP purchased a new stake in Ford Motor in the 4th quarter worth about $2,321,000. Vident Advisory LLC raised its holdings in shares of Ford Motor by 1.4% during the fourth quarter. Vident Advisory LLC now owns 117,647 shares of the auto manufacturer’s stock worth $1,165,000 after acquiring an additional 1,578 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Ford Motor during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on F. Barclays increased their price objective on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Piper Sandler cut their price objective on Ford Motor from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Tuesday, May 6th. Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a report on Wednesday, April 30th. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group cut their price objective on Ford Motor from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.00.

Ford Motor Trading Down 0.6%

Ford Motor stock opened at $10.74 on Tuesday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The company has a market capitalization of $42.57 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 0.61 and a beta of 1.53. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The company’s fifty day moving average price is $9.93 and its two-hundred day moving average price is $10.05.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, May 12th. Ford Motor’s dividend payout ratio is currently 48.00%.

Ford Motor 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.