Geode Capital Management LLC Acquires 1,255,349 Shares of Ford Motor Company $F

Key Points

• Geode Capital Management increased its Ford stake by 1.2% in the fourth quarter, adding 1,255,349 shares and bringing its total holding to 106.6 million shares valued at about $1.39 billion.
• Ford reported better-than-expected quarterly results, with earnings of $0.66 per share versus $0.18 expected and revenue of $43.25 billion, up 6.4% year over year.
• The company announced a quarterly dividend of $0.15 per share, equivalent to $0.60 annually and a yield of 3.6%, while analysts currently rate the stock a consensus Hold with an average price target of $13.56.

Geode Capital Management LLC increased its holdings in Ford Motor Company (NYSE:F - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,600,353 shares of the auto manufacturer's stock after acquiring an additional 1,255,349 shares during the quarter. Geode Capital Management LLC owned about 2.68% of Ford Motor worth $1,394,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer's stock worth $6,188,776,000 after acquiring an additional 4,087,699 shares in the last quarter. Marshall Wace LLP increased its stake in Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer's stock valued at $423,847,000 after purchasing an additional 15,866,285 shares in the last quarter. Invesco Ltd. increased its stake in Ford Motor by 4.7% during the 3rd quarter. Invesco Ltd. now owns 35,390,868 shares of the auto manufacturer's stock valued at $423,275,000 after purchasing an additional 1,597,841 shares in the last quarter. Legal & General Group Plc increased its stake in Ford Motor by 0.6% during the 4th quarter. Legal & General Group Plc now owns 32,135,432 shares of the auto manufacturer's stock valued at $421,617,000 after purchasing an additional 179,979 shares in the last quarter. Finally, DLD Asset Management LP bought a new stake in Ford Motor during the 3rd quarter valued at about $299,000,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $16.71 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The company has a 50 day moving average price of $12.60 and a 200-day moving average price of $13.10. Ford Motor Company has a 52 week low of $9.88 and a 52 week high of $16.75. The firm has a market capitalization of $66.56 billion, a PE ratio of -10.78, a P/E/G ratio of 0.35 and a beta of 1.65.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion during the quarter, compared to analysts' expectations of $42.66 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The firm's quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Ford Motor Company will post 1.6 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor's payout ratio is presently -38.71%.

Analyst Ratings Changes

A number of research firms have weighed in on F. The Goldman Sachs Group reduced their price objective on shares of Ford Motor from $15.00 to $13.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Tuesday, March 31st. Royal Bank Of Canada restated a "sector perform" rating and set a $13.00 price objective on shares of Ford Motor in a research note on Friday, May 15th. UBS Group reduced their price objective on shares of Ford Motor from $15.00 to $14.00 and set a "buy" rating for the company in a research note on Thursday, April 30th. Finally, Zacks Research lowered shares of Ford Motor from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.56.

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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