Prudential PLC Raises Stake in Ford Motor Company $F

Prudential PLC boosted its holdings in Ford Motor Company (NYSE:F) by 67.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 220,511 shares of the auto manufacturer’s stock after buying an additional 88,867 shares during the period. Prudential PLC’s holdings in Ford Motor were worth $2,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of F. Norges Bank purchased a new stake in Ford Motor during the fourth quarter worth approximately $674,437,000. DLD Asset Management LP purchased a new position in shares of Ford Motor in the 3rd quarter valued at $299,000,000. Marshall Wace LLP raised its stake in shares of Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after acquiring an additional 15,866,285 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after acquiring an additional 8,086,564 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in Ford Motor by 190.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock worth $131,641,000 after purchasing an additional 7,220,686 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Up 0.0%

Shares of F opened at $14.91 on Monday. The company has a market capitalization of $59.39 billion, a P/E ratio of -9.62, a P/E/G ratio of 0.32 and a beta of 1.79. Ford Motor Company has a one year low of $10.15 and a one year high of $17.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a 50-day moving average price of $13.12 and a 200 day moving average price of $13.22.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the previous year, the business earned $0.14 EPS. Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on F. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. UBS Group decreased their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. The Goldman Sachs Group dropped their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, Bank of America boosted their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.20.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.