Allianz SE Takes $963,000 Position in Ford Motor (NYSE:F)

Allianz SE bought a new position in shares of Ford Motor (NYSE:F - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 97,466 shares of the auto manufacturer's stock, valued at approximately $963,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. OneAscent Wealth Management LLC grew its stake in Ford Motor by 16.4% during the 4th quarter. OneAscent Wealth Management LLC now owns 30,266 shares of the auto manufacturer's stock worth $300,000 after buying an additional 4,267 shares during the last quarter. Allstate Corp purchased a new position in shares of Ford Motor during the fourth quarter worth approximately $1,150,000. Maridea Wealth Management LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $140,000. RiverFront Investment Group LLC raised its position in Ford Motor by 10.6% in the 4th quarter. RiverFront Investment Group LLC now owns 22,023 shares of the auto manufacturer's stock valued at $218,000 after purchasing an additional 2,116 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in Ford Motor by 0.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,803,944 shares of the auto manufacturer's stock worth $17,859,000 after purchasing an additional 11,867 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the topic of a number of recent research reports. Evercore ISI dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Bank of America decreased their price objective on Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research report on Thursday, February 6th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They set a "hold" rating and a $10.00 price target for the company. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus price target of $11.37.

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Ford Motor Price Performance

Shares of F stock traded down $0.12 during midday trading on Tuesday, reaching $9.92. 135,256,916 shares of the company traded hands, compared to its average volume of 65,387,930. The firm has a market cap of $39.30 billion, a PE ratio of 6.79, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. 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 firm's 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $10.27. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping analysts' consensus estimates 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 research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.05%. Ford Motor's dividend payout ratio (DPR) is currently 41.10%.

Ford Motor Company 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.