Ford Motor (NYSE:F) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Ford Motor (NYSE:F - Free Report) by 890.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 403,838 shares of the auto manufacturer's stock after purchasing an additional 363,049 shares during the quarter. GAMMA Investing LLC's holdings in Ford Motor were worth $40,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 16.6% in the fourth 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. Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $387,282,000. Jacobs Levy Equity Management Inc. lifted its holdings in Ford Motor by 88.0% in the fourth 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 position in Ford Motor by 2,905.1% in the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer's stock worth $79,096,000 after purchasing an additional 7,723,601 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Ford Motor by 5.3% during the 4th 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 period. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on F. TD Cowen initiated coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a "hold" rating and a $10.00 target price for the company. Piper Sandler lifted their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Royal Bank of Canada decreased their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research report on Thursday, February 6th. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and lowered their target price for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.03.

Ford Motor Price Performance

Shares of NYSE F traded up $0.15 during midday trading on Friday, hitting $10.25. The stock had a trading volume of 84,373,751 shares, compared to its average volume of 78,974,631. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock has a 50 day simple moving average of $10.00 and a 200-day simple moving average of $10.00. The company has a market capitalization of $40.74 billion, a PE ratio of 7.02, a P/E/G ratio of 0.61 and a beta of 1.50. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The company had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm's revenue for the quarter was down 6.2% on a year-over-year basis. On average, sell-side analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.86%. Ford Motor's payout ratio is presently 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.