J2 Capital Management Inc bought a new position in shares of Ford Motor (NYSE:F - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 34,835 shares of the auto manufacturer's stock, valued at approximately $345,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of F. Franklin Resources Inc. grew its position in Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock valued at $15,998,000 after purchasing an additional 336,720 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock valued at $46,408,000 after purchasing an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor during the 3rd quarter worth approximately $55,456,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $10,853,000. Finally, ING Groep NV boosted its holdings in shares of Ford Motor by 93.4% in the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer's stock valued at $12,473,000 after buying an additional 570,293 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on F shares. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Sanford C. Bernstein cut Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective for the company. in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their price target 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. The Goldman Sachs Group raised Ford Motor from a "neutral" rating to a "buy" rating and upped their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.83.
View Our Latest Stock Report on F
Ford Motor Trading Up 1.6 %
Shares of NYSE:F traded up $0.16 during trading on Friday, reaching $10.17. The stock had a trading volume of 60,707,245 shares, compared to its average volume of 53,436,516. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The firm's fifty day moving average is $10.38 and its 200 day moving average is $10.92. The stock has a market cap of $40.43 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.86 and a beta of 1.64.
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, beating 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 business had revenue of $46.20 billion for the quarter, compared to analysts' expectations of $45.13 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Ford Motor will post 1.77 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.90%. The ex-dividend date was Thursday, November 7th. Ford Motor's dividend payout ratio (DPR) is presently 68.18%.
Ford Motor Company Profile
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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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