Canada Pension Plan Investment Board grew its holdings in shares of Ford Motor (NYSE:F - Free Report) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,650,169 shares of the auto manufacturer's stock after buying an additional 1,413,273 shares during the quarter. Canada Pension Plan Investment Board owned 0.12% of Ford Motor worth $46,037,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after purchasing an additional 2,089,127 shares during the period. Norges Bank bought a new position in Ford Motor during the fourth quarter valued at about $387,282,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Ford Motor by 1.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,799,541 shares of the auto manufacturer's stock worth $87,115,000 after buying an additional 113,363 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on F. 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 report on Thursday, February 6th. StockNews.com downgraded Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research note on Thursday, February 6th. Evercore ISI lowered their price target on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a research report on Monday, February 10th. Finally, BNP Paribas upgraded Ford Motor to a "hold" rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of "Hold" and an average target price of $9.77.
View Our Latest Stock Analysis on Ford Motor
Ford Motor Stock Up 1.1 %
Ford Motor stock traded up $0.11 during mid-day trading on Wednesday, hitting $9.76. The company had a trading volume of 67,608,649 shares, compared to its average volume of 72,024,989. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.85. The company has a market capitalization of $38.68 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The stock's 50 day moving average price is $9.61 and its two-hundred day moving average price is $10.12. 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 announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.15%. Ford Motor's payout ratio is currently 41.10%.
Ford Motor Profile
(
Free Report)
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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