Banque Cantonale Vaudoise Makes New Investment in Ford Motor Company (NYSE:F)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in Ford Motor Company, purchasing 96,328 shares valued at approximately $966,000 in the first quarter.
• Analysts have recently updated their target prices for Ford, with Goldman Sachs raising it to $10.00 and Barclays to $11.00, resulting in a consensus rating of "Hold" with an average target of $10.40.
• Ford Motor Company is set to distribute a $0.15 per share quarterly dividend on September 2nd, representing an annual yield of 5.4%.

Banque Cantonale Vaudoise acquired a new stake in Ford Motor Company (NYSE:F - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 96,328 shares of the auto manufacturer's stock, valued at approximately $966,000.

Several other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after buying an additional 48,378,444 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock valued at $222,872,000 after acquiring an additional 10,535,335 shares during the period. Voloridge Investment Management LLC boosted its holdings in Ford Motor by 2,905.1% during the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after acquiring an additional 7,723,601 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ford Motor by 21.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer's stock worth $293,460,000 after purchasing an additional 5,295,086 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Ford Motor by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after buying an additional 4,925,993 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Trading Down 2.4%

NYSE:F traded down $0.27 during mid-day trading on Friday, reaching $10.80. The company's stock had a trading volume of 73,499,128 shares, compared to its average volume of 67,465,712. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.97. The stock has a market cap of $42.95 billion, a P/E ratio of 13.85, a P/E/G ratio of 3.15 and a beta of 1.48. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $11.97. The company's fifty day simple moving average is $10.91 and its two-hundred day simple moving average is $10.22.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The firm had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same period in the previous year, the company earned $0.47 earnings per share. Ford Motor's quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.6%. Ford Motor's payout ratio is 76.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on F shares. Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and decreased their target price for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, Piper Sandler raised their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $10.40.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares of the company's stock, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.48% of the stock is owned by company insiders.

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.