Andra AP fonden Has $7.01 Million Stock Position in Ford Motor Company $F

Andra AP fonden increased its holdings in Ford Motor Company (NYSE:F - Free Report) by 88.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 504,055 shares of the auto manufacturer's stock after acquiring an additional 236,200 shares during the period. Andra AP fonden's holdings in Ford Motor were worth $7,006,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Ford Motor during the second quarter valued at about $4,649,131,000. State Street Corp boosted its stake in shares of Ford Motor by 0.8% in the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer's stock worth $2,697,153,000 after buying an additional 1,492,186 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ford Motor by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer's stock worth $1,394,697,000 after buying an additional 1,255,349 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock valued at $1,006,703,000 after acquiring an additional 55,100,244 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Ford Motor during the second quarter valued at approximately $717,218,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. BNP Paribas Exane raised their target price on Ford Motor from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and increased their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Royal Bank Of Canada raised their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "sector perform" rating in a report on Wednesday, July 29th. Barclays boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Finally, Bank of America raised their price target on shares of Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $15.68.

Ford Motor Stock Down 1.2%

F opened at $12.95 on Thursday. The firm has a market capitalization of $51.62 billion, a P/E ratio of -6.92, a price-to-earnings-growth ratio of 0.27 and a beta of 1.83. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78. The company has a fifty day moving average price of $14.06 and a 200-day moving average price of $13.52. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the business posted $0.37 earnings per share. The firm's revenue was down 3.8% compared to the same quarter last year. Equities research analysts expect that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor's payout ratio is currently -32.09%.

Ford Motor Company Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.