Legal & General Group Plc Has $277.64 Million Position in Ford Motor (NYSE:F)

Legal & General Group Plc decreased its holdings in Ford Motor (NYSE:F - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,044,332 shares of the auto manufacturer's stock after selling 3,968,913 shares during the quarter. Legal & General Group Plc owned approximately 0.71% of Ford Motor worth $277,639,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in F. Vanguard Group Inc. lifted its stake 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 acquiring an additional 57,182,803 shares during the period. Norges Bank acquired a new position in Ford Motor during the 4th quarter valued at about $387,282,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ford Motor by 5.3% in 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 grew its position 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 buying an additional 2,089,127 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Ford Motor during the fourth quarter worth approximately $13,338,000. Institutional investors own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on F shares. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. Wells Fargo & Company cut their target price on Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. UBS Group lowered their price target on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday. Bank of America reduced their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ford Motor from $13.00 to $11.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.50.

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Ford Motor Stock Up 2.0 %

NYSE F traded up $0.19 during trading on Friday, hitting $9.33. The stock had a trading volume of 145,973,466 shares, compared to its average volume of 70,153,198. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 12 month low of $8.44 and a 12 month high of $14.85. The company's 50-day moving average price is $9.58 and its two-hundred day moving average price is $10.17. The company has a market capitalization of $36.96 billion, a PE ratio of 6.39, a P/E/G ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

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. This represents a $0.60 annualized dividend and a yield of 6.43%. The ex-dividend date was Tuesday, February 18th. Ford Motor's dividend payout ratio (DPR) is currently 41.10%.

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.