FourThought Financial Partners LLC bought a new position in Ford Motor (NYSE:F – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund bought 15,863 shares of the auto manufacturer’s stock, valued at approximately $157,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in F. Franklin Resources Inc. grew its stake in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after purchasing an additional 336,720 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Ford Motor by 3.8% during the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after buying an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in Ford Motor in the third quarter worth approximately $55,456,000. Alberta Investment Management Corp lifted its position in shares of Ford Motor by 87.1% during the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after acquiring an additional 91,300 shares during the last quarter. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Ford Motor during the 4th quarter valued at $10,853,000. 58.74% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on F shares. Deutsche Bank Aktiengesellschaft decreased their target price on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $12.00 to $9.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, Bank of America reduced their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.89.
Ford Motor Price Performance
F opened at $9.48 on Thursday. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $10.42. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85. The stock has a market cap of $37.55 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.61 and a beta of 1.63.
Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating 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%. Analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.
Ford Motor Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.33%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.
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.
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