Pacer Advisors Inc. Raises Holdings in Ford Motor Company (NYSE:F)

Key Points

• Pacer Advisors Inc. significantly increased its holdings in Ford Motor Company by 6,915.1% in the first quarter, owning approximately 49 million shares valued at around $492 million.
• Multiple institutional investors, such as Geode Capital Management and UBS AM, also increased their stakes in Ford, contributing to a total of 58.74% institutional ownership of the company.
• Analysts have mixed views on Ford's stock, with ratings ranging from "sell" to "buy," and the consensus target price set at $10.37.

Pacer Advisors Inc. increased its position in Ford Motor Company (NYSE:F - Free Report) by 6,915.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,078,048 shares of the auto manufacturer's stock after purchasing an additional 48,378,444 shares during the quarter. Ford Motor makes up about 1.2% of Pacer Advisors Inc.'s investment portfolio, making the stock its 17th largest holding. Pacer Advisors Inc. owned about 1.24% of Ford Motor worth $492,253,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 purchasing an additional 2,089,127 shares in the last quarter. 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 purchasing an additional 4,925,993 shares in the last quarter. Norges Bank bought a new stake in shares of Ford Motor in the 4th quarter worth $387,282,000. Northern Trust Corp increased its holdings in shares of Ford Motor by 11.0% in the 4th quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer's stock worth $369,417,000 after purchasing an additional 3,699,857 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Ford Motor by 21.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer's stock worth $293,460,000 after purchasing an additional 5,295,086 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on F. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Sanford C. Bernstein lowered Ford Motor from a "market perform" rating to an "underperform" rating and cut their price objective for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. UBS Group lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Barclays lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus target price of $10.37.

Insider Activity at Ford Motor

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.48% of the stock is currently owned by company insiders.

Ford Motor Price Performance

Shares of Ford Motor stock traded up $0.21 on Friday, hitting $11.47. 52,268,568 shares of the company were exchanged, compared to its average volume of 79,838,680. The stock has a market capitalization of $45.59 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 3.30 and a beta of 1.49. The company has a 50-day moving average price of $10.87 and a 200 day moving average price of $10.17. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $11.97. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating the consensus estimate 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 2.74% and a return on equity of 13.49%. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS. As a group, sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.23%. Ford Motor's dividend payout ratio (DPR) is 48.00%.

About Ford Motor

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.