ABC Arbitrage SA Takes Position in Ford Motor (NYSE:F)

ABC Arbitrage SA acquired a new stake in Ford Motor (NYSE:F - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 102,264 shares of the auto manufacturer's stock, valued at approximately $1,012,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. boosted its position in shares of Ford Motor by 29.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock worth $15,998,000 after purchasing an additional 336,720 shares during the last quarter. Principal Financial Group Inc. grew its stake in Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after acquiring an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor in the third quarter worth about $55,456,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Ford Motor during the fourth quarter worth about $10,853,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Ford Motor by 12.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer's stock valued at $4,511,000 after purchasing an additional 49,844 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on F. Bank of America reduced their price target on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a report on Thursday, February 6th. Sanford C. Bernstein cut Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. 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 report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $11.89.

Ford Motor Stock Performance

F stock traded up $0.06 during mid-day trading on Wednesday, hitting $9.35. 48,502,147 shares of the company were exchanged, compared to its average volume of 76,548,250. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The business has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $10.45. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $37.04 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.61 and a beta of 1.63.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities analysts forecast that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date is Tuesday, February 18th. Ford Motor's dividend payout ratio is currently 41.10%.

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.