Woodline Partners LP Buys Shares of 234,418 Ford Motor (NYSE:F)

Woodline Partners LP purchased a new position in Ford Motor (NYSE:F - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 234,418 shares of the auto manufacturer's stock, valued at approximately $2,321,000.

A number of other institutional investors have also added to or reduced their stakes in F. Vident Advisory LLC boosted its position in Ford Motor by 1.4% during the fourth quarter. Vident Advisory LLC now owns 117,647 shares of the auto manufacturer's stock valued at $1,165,000 after buying an additional 1,578 shares during the period. Spurstone Advisory Services LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at about $31,000. WBI Investments LLC purchased a new stake in Ford Motor during the 4th quarter valued at about $3,010,000. Two Sigma Advisers LP bought a new position in Ford Motor during the 4th quarter worth approximately $6,183,000. Finally, Texas Bank & Trust Co purchased a new position in Ford Motor in the 4th quarter worth approximately $483,000. Institutional investors own 58.74% of the company's stock.

Ford Motor Stock Down 1.2%

Shares of F stock traded down $0.12 during midday trading on Wednesday, reaching $10.19. 101,515,987 shares of the stock were exchanged, compared to its average volume of 76,799,301. Ford Motor has a 1 year low of $8.44 and a 1 year high of $14.85. The firm has a market cap of $40.52 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company's 50 day moving average is $9.99 and its two-hundred day moving average is $10.04. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. On average, equities research analysts predict that Ford Motor will post 1.47 EPS for the current 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 issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on F shares. TD Cowen began coverage on Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 price objective for the company. Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. BNP Paribas raised shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. Piper Sandler upped their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Barclays raised their target price on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $10.03.

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.