Rafferty Asset Management LLC Has $3.77 Million Stake in Ford Motor (NYSE:F)

Rafferty Asset Management LLC increased its holdings in shares of Ford Motor (NYSE:F - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 380,896 shares of the auto manufacturer's stock after purchasing an additional 59,452 shares during the quarter. Rafferty Asset Management LLC's holdings in Ford Motor were worth $3,771,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 5.3% during 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 acquiring an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ford Motor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after acquiring an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ford Motor by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after acquiring an additional 4,925,993 shares during the period. Finally, Norges Bank bought a new stake in Ford Motor in the 4th quarter valued at about $387,282,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on F. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Evercore ISI reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. upped their price target on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. BNP Paribas raised shares of Ford Motor to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.00.

Ford Motor Stock Performance

Shares of NYSE F traded down $0.24 during trading hours on Wednesday, reaching $10.49. The stock had a trading volume of 89,032,582 shares, compared to its average volume of 76,124,317. The company has a market cap of $41.56 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.61 and a beta of 1.53. The business's fifty day moving average is $9.95 and its two-hundred day moving average is $10.06. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.85. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. As a group, research analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is currently 48.00%.

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.