BlackRock Inc. purchased a new stake in Ford Motor Company (NYSE:F - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 334,469,887 shares of the auto manufacturer's stock, valued at approximately $4,649,131,000. BlackRock Inc. owned about 8.39% of Ford Motor as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Ford Motor in the second quarter valued at about $717,218,000. Norges Bank purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $674,437,000. Deutsche Bank AG purchased a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $267,563,000. Marshall Wace LLP lifted its holdings 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 worth $423,847,000 after acquiring an additional 15,866,285 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Ford Motor by 610.1% during the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer's stock worth $146,646,000 after purchasing an additional 9,603,267 shares during the period. Institutional investors and hedge funds own 58.74% of the company's stock.
Ford Motor Stock Down 0.7%
Shares of NYSE F opened at $13.95 on Wednesday. The business has a 50-day moving average price of $14.14 and a 200 day moving average price of $13.50. The stock has a market cap of $55.63 billion, a PE ratio of -7.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78.
Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the business posted $0.37 earnings per share. Ford Motor's quarterly revenue was down 3.8% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor's payout ratio is presently -32.09%.
Wall Street Analyst Weigh In
F has been the topic of several recent research reports. Jefferies Financial Group raised shares of Ford Motor from a "hold" rating to a "buy" rating and upped their target price for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Bank of America boosted 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, Barclays lifted their target price on Ford Motor from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $15.68.
Read Our Latest Analysis on F
Ford Motor Company Profile
(
Free Report)
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.
See Also
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