Norges Bank bought a new stake in Ford Motor (NYSE:F - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 39,119,444 shares of the auto manufacturer's stock, valued at approximately $387,282,000. Norges Bank owned about 0.98% of Ford Motor at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of F. Quest Partners LLC acquired a new position in Ford Motor during the third quarter worth $96,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ford Motor during the third quarter worth $186,000. Cerity Partners LLC increased its position in shares of Ford Motor by 10.8% in the third quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer's stock valued at $3,422,000 after buying an additional 31,707 shares in the last quarter. Townsquare Capital LLC raised its stake in shares of Ford Motor by 8.9% during the 3rd quarter. Townsquare Capital LLC now owns 94,090 shares of the auto manufacturer's stock worth $994,000 after buying an additional 7,650 shares during the last quarter. Finally, Freedom Investment Management Inc. boosted its position in shares of Ford Motor by 8.6% in the 3rd quarter. Freedom Investment Management Inc. now owns 14,447 shares of the auto manufacturer's stock worth $153,000 after buying an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.
Ford Motor Stock Up 2.5 %
Shares of Ford Motor stock traded up $0.25 on Wednesday, hitting $10.19. 48,198,478 shares of the company's stock traded hands, compared to its average volume of 99,984,250. 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 firm's 50-day moving average is $9.74 and its 200 day moving average is $10.27. The stock has a market cap of $40.37 billion, a P/E ratio of 6.98, a PEG ratio of 0.61 and a beta of 1.59. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.18% and a return on equity of 16.88%. Equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.89%. Ford Motor's dividend payout ratio (DPR) is 41.10%.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a research report on Monday, February 10th. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a research note on Thursday, December 5th. Evercore ISI dropped their price target on Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Barclays downgraded Ford Motor from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Piper Sandler dropped their price objective on Ford Motor from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, March 20th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of "Hold" and an average target price of $11.37.
Check Out Our Latest Report on F
Ford Motor 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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