Bridgewater Associates LP Acquires New Holdings in Ford Motor (NYSE:F)

Bridgewater Associates LP acquired a new stake in shares of Ford Motor (NYSE:F) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,196,360 shares of the auto manufacturer’s stock, valued at approximately $12,634,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Olistico Wealth LLC bought a new stake in Ford Motor in the second quarter worth about $25,000. Family Firm Inc. bought a new stake in Ford Motor in the second quarter worth about $26,000. Quarry LP bought a new stake in Ford Motor in the second quarter worth about $27,000. Ridgewood Investments LLC bought a new stake in Ford Motor in the second quarter worth about $28,000. Finally, Kimelman & Baird LLC bought a new stake in Ford Motor in the second quarter worth about $30,000. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on F shares. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target on the stock. in a research report on Thursday, November 7th. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Wells Fargo & Company cut their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Barclays cut their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.02.

Ford Motor Stock Performance

NYSE:F opened at $11.10 on Friday. 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 fifty-two week low of $9.49 and a fifty-two week high of $14.85. The stock’s 50-day moving average is $10.85 and its two-hundred day moving average is $11.44. The stock has a market cap of $44.11 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. Ford Motor’s dividend payout ratio is currently 68.18%.

Ford Motor 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.