Tang Capital Management LLC Grows Stock Position in Ford Motor (NYSE:F)

Tang Capital Management LLC increased its holdings in shares of Ford Motor (NYSE:F - Free Report) by 571.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 85,749 shares of the auto manufacturer's stock after purchasing an additional 72,976 shares during the quarter. Tang Capital Management LLC's holdings in Ford Motor were worth $849,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 57,182,803 shares during the last quarter. Norges Bank acquired a new stake in shares of Ford Motor during the fourth quarter worth $387,282,000. Jacobs Levy Equity Management Inc. boosted its position in shares of 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. Charles Schwab Investment Management Inc. grew its stake in shares of Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after acquiring an additional 6,497,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Ford Motor by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after acquiring an additional 4,925,993 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Analysts Set New Price Targets

F has been the topic of a number of analyst reports. Bank of America reduced their price target on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price target on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research report on Thursday, February 6th. Barclays increased their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Finally, Piper Sandler cut their price target on shares of Ford Motor from $9.00 to $8.50 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $10.00.

Ford Motor Stock Performance

F stock traded down $0.24 during midday trading on Wednesday, reaching $10.49. 89,032,582 shares of the company's stock traded hands, compared to its average volume of 76,124,317. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The firm has a market capitalization of $41.69 billion, a PE ratio of 7.18, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a 50-day moving average price of $9.95 and a two-hundred day moving average price of $10.06.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend 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.