Woodline Partners LP Purchases New Stake in Ford Motor (NYSE:F)

Woodline Partners LP bought a new stake in Ford Motor (NYSE:F - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 234,418 shares of the auto manufacturer's stock, valued at approximately $2,321,000.

Several other hedge funds have also recently added to or reduced their stakes in F. Tallon Kerry Patrick bought a new stake in shares of Ford Motor in the 4th quarter valued at $116,000. Ballentine Partners LLC grew its stake in Ford Motor by 37.8% in the fourth quarter. Ballentine Partners LLC now owns 22,838 shares of the auto manufacturer's stock valued at $226,000 after acquiring an additional 6,259 shares during the period. Brighton Jones LLC grew its stake in Ford Motor by 5.4% in the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer's stock valued at $195,000 after acquiring an additional 1,001 shares during the period. CX Institutional increased its holdings in shares of Ford Motor by 8.8% in the fourth quarter. CX Institutional now owns 26,443 shares of the auto manufacturer's stock worth $262,000 after acquiring an additional 2,132 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Ford Motor by 29.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 40,351 shares of the auto manufacturer's stock worth $399,000 after purchasing an additional 9,143 shares during the period. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Stock Performance

NYSE F traded down $0.05 on Tuesday, hitting $10.31. 89,006,628 shares of the stock were exchanged, compared to its average volume of 76,699,561. The company has a market capitalization of $41.00 billion, a PE ratio of 7.06, a P/E/G ratio of 0.61 and a beta of 1.53. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business's fifty day moving average is $9.99 and its 200 day moving average is $10.04. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85.

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

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.82%. Ford Motor's dividend payout ratio is currently 48.00%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on F. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Citigroup upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. The Goldman Sachs Group raised their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus price target of $10.03.

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.