Cerity Partners LLC boosted its stake in Ford Motor (NYSE:F - Free Report) by 203.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 984,045 shares of the auto manufacturer's stock after buying an additional 659,993 shares during the period. Cerity Partners LLC's holdings in Ford Motor were worth $9,827,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Norges Bank purchased a new position in shares of Ford Motor in the fourth quarter worth $387,282,000. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 5.3% during the fourth 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 buying an additional 6,497,321 shares during the last quarter. Geode Capital Management LLC increased its holdings in Ford Motor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after buying an additional 2,089,127 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Ford Motor in the 4th quarter worth about $13,338,000. Hedge funds and other institutional investors own 58.74% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on F shares. Barclays reduced their price target on shares of Ford Motor from $10.00 to $8.00 and set an "equal weight" rating for the company in a research note on Tuesday. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Evercore ISI dropped their target price on 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. Jefferies Financial Group cut shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.30.
Read Our Latest Report on F
Ford Motor Trading Down 2.7 %
Shares of Ford Motor stock traded down $0.27 on Tuesday, hitting $9.44. 51,847,826 shares of the company traded hands, compared to its average volume of 70,575,486. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The company has a market cap of $37.43 billion, a PE ratio of 6.46, a PEG ratio of 0.61 and a beta of 1.41. The stock's 50 day moving average price is $9.57 and its 200-day moving average price is $10.16. 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 issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. Equities research analysts predict that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.35%. Ford Motor's dividend payout ratio is currently 41.10%.
Ford Motor Company 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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