Geode Capital Management LLC Purchases 15,748,694 Shares of Ford Motor Company $F

Geode Capital Management LLC raised its position in Ford Motor Company (NYSE:F) by 17.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,784,031 shares of the auto manufacturer’s stock after buying an additional 15,748,694 shares during the quarter. Geode Capital Management LLC owned 2.61% of Ford Motor worth $1,122,434,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of F. Vanguard Group Inc. grew its stake in shares of Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after acquiring an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. raised its stake in Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after purchasing an additional 48,378,444 shares in the last quarter. Nuveen LLC bought a new stake in Ford Motor in the 1st quarter valued at about $123,147,000. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Ford Motor by 32.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock worth $318,365,000 after purchasing an additional 7,238,424 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Barclays upped their target price on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Finally, UBS Group raised their price target on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.73.

Ford Motor Price Performance

Ford Motor stock opened at $13.28 on Friday. 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 Company has a 52 week low of $8.44 and a 52 week high of $13.97. The stock has a market capitalization of $52.89 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The stock has a fifty day moving average of $12.27 and a 200-day moving average of $11.41.

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

Ford Motor Dividend Announcement

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

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.