Woodline Partners LP Has $17.41 Million Stake in Ford Motor Company $F

Key Points

• Woodline Partners LP significantly increased its stake in Ford Motor Company by 640.4% during Q1, owning 1,735,701 shares valued at approximately $17.41 million.
• A number of equities analysts have raised their price targets for Ford, with JPMorgan Chase setting it at $13, reflecting a positive outlook on the stock.
• Ford Motor declared a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 5.2%.

Woodline Partners LP grew its holdings in Ford Motor Company (NYSE:F - Free Report) by 640.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,735,701 shares of the auto manufacturer's stock after purchasing an additional 1,501,283 shares during the period. Woodline Partners LP's holdings in Ford Motor were worth $17,409,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Ensign Peak Advisors Inc increased its holdings in Ford Motor by 17.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 413,429 shares of the auto manufacturer's stock worth $4,093,000 after buying an additional 60,882 shares during the last quarter. Gotham Asset Management LLC increased its holdings in Ford Motor by 134.7% in the fourth quarter. Gotham Asset Management LLC now owns 395,334 shares of the auto manufacturer's stock worth $3,914,000 after buying an additional 226,886 shares during the last quarter. NorthRock Partners LLC increased its holdings in Ford Motor by 134.7% in the fourth quarter. NorthRock Partners LLC now owns 42,261 shares of the auto manufacturer's stock worth $418,000 after buying an additional 24,252 shares during the last quarter. Mufg Securities Americas Inc. acquired a new position in Ford Motor in the fourth quarter worth approximately $570,000. Finally, Quantinno Capital Management LP increased its holdings in Ford Motor by 24.3% in the fourth quarter. Quantinno Capital Management LP now owns 158,777 shares of the auto manufacturer's stock worth $1,572,000 after buying an additional 31,073 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group increased 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. Piper Sandler increased their price objective on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Royal Bank Of Canada increased their price target on Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $10.53.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.48% of the company's stock.

Ford Motor Trading Down 0.5%

Shares of Ford Motor stock opened at $11.44 on Thursday. The company's fifty day simple moving average is $11.47 and its 200-day simple moving average is $10.55. The company has a market cap of $45.51 billion, a price-to-earnings ratio of 14.66, a PEG ratio of 3.30 and a beta of 1.52. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.99.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. Ford Motor's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were paid a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. Ford Motor's dividend payout ratio (DPR) is presently 76.92%.

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.

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