Formula Growth Ltd. Acquires 178,346 Shares of Ford Motor (NYSE:F)

Formula Growth Ltd. boosted its stake in Ford Motor (NYSE:F - Free Report) by 148.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 298,346 shares of the auto manufacturer's stock after acquiring an additional 178,346 shares during the period. Formula Growth Ltd.'s holdings in Ford Motor were worth $2,954,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in shares of Ford Motor by 29.8% in the third 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 in the last quarter. NCP Inc. boosted its holdings in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer's stock worth $738,000 after buying an additional 28,528 shares during the period. Principal Financial Group Inc. grew its stake in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after buying an additional 160,409 shares in the last quarter. Alberta Investment Management Corp raised its holdings in Ford Motor by 87.1% during the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer's stock valued at $1,941,000 after acquiring an additional 91,300 shares during the period. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Ford Motor during the fourth quarter worth $10,853,000. 58.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup initiated coverage on Ford Motor in a research report on Wednesday. They issued a "neutral" rating and a $10.00 price target for the company. StockNews.com cut Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Royal Bank of Canada cut their price objective 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. Bank of America decreased their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Barclays cut 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 report on Tuesday, April 15th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $9.77.

Ford Motor Trading Up 1.7 %

Shares of F traded up $0.16 during trading hours on Wednesday, hitting $9.81. The company had a trading volume of 98,985,562 shares, compared to its average volume of 72,138,626. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock's 50 day moving average price is $9.61 and its 200 day moving average price is $10.12. The firm has a market cap of $38.88 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly 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, research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.12%. Ford Motor's 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.