Candriam Luxembourg S.C.A. boosted its holdings in shares of Ford Motor (NYSE:F) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 399,622 shares of the auto manufacturer’s stock after buying an additional 2,347 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Ford Motor were worth $3,057,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. grew its holdings in Ford Motor by 173.0% in the fourth quarter. Howe & Rusling Inc. now owns 3,631 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 2,301 shares during the last quarter. Lavaca Capital LLC purchased a new position in Ford Motor in the fourth quarter worth $32,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Ford Motor during the fourth quarter valued at $37,000. First Mercantile Trust Co. purchased a new stake in shares of Ford Motor during the fourth quarter valued at $39,000. Finally, Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Ford Motor during the fourth quarter valued at $41,000. 52.59% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on F. ValuEngine lowered shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Seaport Global Securities began coverage on shares of Ford Motor in a report on Wednesday, February 13th. They set a “neutral” rating and a $8.46 price objective on the stock. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Jefferies Financial Group reissued a “buy” rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday, January 8th. Finally, BMO Capital Markets reissued a “hold” rating and set a $8.50 price objective on shares of Ford Motor in a report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $10.29.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $38.70 billion during the quarter, compared to the consensus estimate of $36.83 billion. Ford Motor had a net margin of 2.29% and a return on equity of 14.38%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, equities analysts predict that Ford Motor will post 1.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, January 31st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 7.03%. Ford Motor’s dividend payout ratio is presently 46.15%.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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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