Norges Bank Invests $405.33 Million in Ford Motor Company $F

Norges Bank acquired a new stake in shares of Ford Motor Company (NYSE:F) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,357,429 shares of the auto manufacturer’s stock, valued at approximately $405,328,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new position in Ford Motor during the second quarter valued at approximately $25,000. Country Trust Bank purchased a new stake in shares of Ford Motor in the 2nd quarter valued at $27,000. Atlantic Union Bankshares Corp bought a new position in shares of Ford Motor during the 2nd quarter valued at $30,000. AlphaQuest LLC raised its position in Ford Motor by 1,018.5% in the 2nd quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock worth $33,000 after purchasing an additional 2,811 shares during the period. Finally, City Holding Co. lifted its stake in Ford Motor by 47.8% in the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.6%

NYSE F opened at $13.27 on Friday. The stock has a market cap of $52.87 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $13.97. The stock has a 50 day simple moving average of $12.56 and a two-hundred day simple moving average of $11.63. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. On average, analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s payout ratio is presently 51.72%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on F shares. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their target price on Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Royal Bank Of Canada raised their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Jefferies Financial Group raised Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Finally, Citigroup boosted their price objective on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.88.

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.