Fiduciary Financial Group LLC acquired a new stake in shares of Ford Motor (NYSE:F - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 34,424 shares of the auto manufacturer's stock, valued at approximately $315,000.
Several other institutional investors have also added to or reduced their stakes in F. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the period. Norges Bank purchased a new stake in Ford Motor in the fourth quarter worth $387,282,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Ford Motor by 88.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock worth $222,872,000 after purchasing an additional 10,535,335 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in shares of Ford Motor by 2,905.1% during the fourth quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock valued at $79,096,000 after purchasing an additional 7,723,601 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.
Ford Motor Stock Performance
NYSE F traded down $0.17 during trading hours on Thursday, reaching $10.49. The stock had a trading volume of 42,042,769 shares, compared to its average volume of 79,504,305. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The stock has a fifty day moving average of $10.06 and a 200 day moving average of $9.99. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a market cap of $41.71 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 0.61 and a beta of 1.50.
Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business's quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.
Analyst Upgrades and Downgrades
Several research analysts have commented on F shares. The Goldman Sachs Group raised their price objective on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Citigroup increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein downgraded shares of Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price objective for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Finally, Piper Sandler upped their target price on Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Ford Motor presently has an average rating of "Hold" and an average price target of $10.03.
View Our Latest Analysis on Ford Motor
About Ford Motor
(
Free Report)
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.
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