Pacer Advisors Inc. grew its holdings in Ford Motor (NYSE:F - Free Report) by 141.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 699,604 shares of the auto manufacturer's stock after purchasing an additional 410,092 shares during the quarter. Pacer Advisors Inc.'s holdings in Ford Motor were worth $6,926,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer's stock worth $1,294,752,000 after acquiring an additional 5,270,562 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 1.7% in the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer's stock valued at $863,009,000 after purchasing an additional 1,336,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ford Motor by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer's stock valued at $257,108,000 after purchasing an additional 636,330 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer's stock worth $126,477,000 after purchasing an additional 6,348,185 shares during the last quarter. Finally, Swiss National Bank raised its stake in Ford Motor by 0.7% during the third quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer's stock worth $122,917,000 after purchasing an additional 84,600 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Price Performance
Ford Motor stock traded down $0.07 during mid-day trading on Thursday, reaching $10.15. The company had a trading volume of 69,018,272 shares, compared to its average volume of 64,528,898. The stock's 50-day simple moving average is $10.24 and its 200-day simple moving average is $10.76. The company has a market capitalization of $40.32 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.93 and a beta of 1.64. 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 has a 1 year low of $9.49 and a 1 year high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last posted its 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. The company had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Ford Motor's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities analysts predict that Ford Motor will post 1.77 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have weighed in on F shares. Jefferies Financial Group cut Ford Motor from a "hold" rating to an "underperform" rating and cut their price target for the company from $12.00 to $9.00 in a research note on Monday, December 16th. Barclays downgraded shares of Ford Motor from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Wolfe Research reaffirmed an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, 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 report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $11.82.
Get Our Latest Stock Analysis on Ford Motor
About Ford Motor
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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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