Geode Capital Management LLC Buys 1,336,676 Shares of Ford Motor (NYSE:F)

Geode Capital Management LLC lifted its holdings in shares of Ford Motor (NYSE:F - Free Report) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,989,157 shares of the auto manufacturer's stock after purchasing an additional 1,336,676 shares during the period. Geode Capital Management LLC owned 2.06% of Ford Motor worth $863,009,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Insight Wealth Partners LLC grew its stake in shares of Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer's stock valued at $554,000 after buying an additional 843 shares during the period. Pallas Capital Advisors LLC grew its stake in Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer's stock valued at $374,000 after acquiring an additional 846 shares during the period. Meridian Financial Partners LLC increased its holdings in shares of Ford Motor by 1.1% during the third quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer's stock valued at $903,000 after acquiring an additional 953 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Ford Motor by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer's stock worth $982,000 after purchasing an additional 969 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its holdings in shares of Ford Motor by 3.0% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer's stock worth $421,000 after purchasing an additional 982 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Price Performance

NYSE F traded up $0.02 during trading on Thursday, reaching $10.43. The company's stock had a trading volume of 7,210,747 shares, compared to its average volume of 53,725,598. The firm has a fifty day moving average of $10.85 and a 200 day moving average of $11.33. Ford Motor has a one year low of $9.49 and a one year high of $14.85. The stock has a market capitalization of $41.45 billion, a PE ratio of 11.82, a P/E/G ratio of 1.91 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date was Thursday, November 7th. Ford Motor's payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on F shares. Barclays dropped their price target on shares of Ford Motor from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley downgraded Ford Motor from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft dropped their price objective on Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. Wolfe Research reissued an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $12.08.

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.