Wealthfront Advisers LLC grew its holdings in Ford Motor (NYSE:F) by 23.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 224,592 shares of the auto manufacturer’s stock after buying an additional 42,752 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ford Motor were worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of F. Norges Bank bought a new stake in Ford Motor during the 4th quarter worth approximately $161,692,000. Oregon Public Employees Retirement Fund boosted its holdings in Ford Motor by 572.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 19,763,660 shares of the auto manufacturer’s stock valued at $2,583,000 after purchasing an additional 16,825,955 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ford Motor by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock valued at $399,887,000 after purchasing an additional 3,950,938 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Ford Motor by 147.8% in the first quarter. SG Americas Securities LLC now owns 1,162,396 shares of the auto manufacturer’s stock valued at $10,206,000 after purchasing an additional 3,593,791 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in Ford Motor by 4,908.8% in the fourth quarter. Millennium Management LLC now owns 3,259,172 shares of the auto manufacturer’s stock valued at $24,933,000 after purchasing an additional 3,326,947 shares during the last quarter. 52.37% of the stock is currently owned by institutional investors.
A number of research firms have commented on F. Jefferies Financial Group raised Ford Motor to a “buy” rating and increased their target price for the stock from $11.00 to $12.50 in a report on Tuesday, April 30th. TheStreet raised Ford Motor from a “c” rating to a “b-” rating in a report on Thursday, April 25th. ValuEngine downgraded Ford Motor from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Nomura downgraded Ford Motor from a “neutral” rating to a “reduce” rating and reduced their target price for the stock from $8.20 to $7.50 in a report on Friday, April 5th. Finally, Bank of America raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $13.00 to $14.00 in a report on Friday, May 10th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Ford Motor has an average rating of “Hold” and a consensus price target of $10.48.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.18. The business had revenue of $40.34 billion for the quarter, compared to analysts’ expectations of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Sell-side analysts predict that Ford Motor will post 1.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, April 24th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.07%. The ex-dividend date of this dividend was Tuesday, April 23rd. Ford Motor’s dividend payout ratio is currently 46.15%.
In related news, CEO James P. Hackett sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $9.61, for a total value of $192,200.00. Following the sale, the chief executive officer now directly owns 214,575 shares in the company, valued at approximately $2,062,065.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John L. Thornton bought 10,200 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was acquired at an average price of $9.81 per share, for a total transaction of $100,062.00. Following the completion of the transaction, the director now owns 197,290 shares in the company, valued at $1,935,414.90. The disclosure for this purchase can be found here. 0.83% of the stock is owned by company insiders.
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About Ford Motor
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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