Flputnam Investment Management Co. Makes New $2.34 Million Investment in Ford Motor Company $F

Key Points

• Flputnam Investment Management acquired 168,230 Ford shares worth approximately $2.34 million in the second quarter. Institutional investors and hedge funds collectively own 58.74% of Ford’s stock.
• Analyst sentiment remains mixed, with eight Buy, ten Hold and one Sell rating; the consensus rating is Hold with an average price target of $15.68.
• Ford beat quarterly earnings expectations, reporting $0.42 in adjusted EPS versus $0.33 expected and $48.30 billion in revenue, while revenue declined 3.8% year over year. The company also declared a $0.15 quarterly dividend, equivalent to a 4.3% yield.

Flputnam Investment Management Co. bought a new stake in Ford Motor Company (NYSE:F - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 168,230 shares of the auto manufacturer's stock, valued at approximately $2,338,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in Ford Motor in the 2nd quarter valued at $717,218,000. Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter worth about $674,437,000. Marshall Wace LLP grew its stake in shares of Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer's stock valued at $423,847,000 after buying an additional 15,866,285 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 valued at $146,646,000 after buying an additional 9,603,267 shares during the period. Finally, SG Americas Securities LLC lifted its position in Ford Motor by 458.7% during the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer's stock worth $103,892,000 after acquiring an additional 7,391,361 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on F. Wells Fargo & Company increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an "underweight" rating in a research report on Thursday, June 25th. DZ Bank upgraded shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price objective on the stock in a report on Friday, July 31st. Dbs Bank upgraded Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Barclays lifted their target price on Ford Motor from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. Finally, UBS Group increased their price target on Ford Motor from $14.00 to $17.00 and gave the company a "buy" rating in a report on Monday, June 8th. 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 data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $15.68.

Ford Motor Stock Performance

Shares of F stock opened at $14.07 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78. The company's 50-day simple moving average is $14.16 and its 200-day simple moving average is $13.50. The stock has a market capitalization of $56.11 billion, a price-to-earnings ratio of -7.52, a PEG ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the previous year, the company earned $0.37 earnings per share. Ford Motor's quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor's dividend payout ratio is currently -32.09%.

Ford Motor Company Profile

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.

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