Ford Motor (NYSE:F) Shares Purchased by Hedges Asset Management LLC

Hedges Asset Management LLC grew its position in shares of Ford Motor (NYSE:F) by 40.0% during the 4th quarter, Holdings Channel reports. The firm owned 113,700 shares of the auto manufacturer’s stock after purchasing an additional 32,500 shares during the period. Hedges Asset Management LLC’s holdings in Ford Motor were worth $1,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of F. Assenagon Asset Management S.A. grew its holdings in Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in shares of Ford Motor by 112.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after purchasing an additional 6,348,185 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 purchasing an additional 5,270,562 shares during the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor in the 3rd quarter worth approximately $55,456,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Ford Motor by 420.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock valued at $63,812,000 after purchasing an additional 4,881,105 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $13.00 to $11.00 in a report on Wednesday. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Sanford C. Bernstein lowered Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.67.

Ford Motor Stock Up 1.2 %

Ford Motor stock opened at $10.16 on Friday. The firm’s 50 day moving average price is $10.33 and its two-hundred day moving average price is $10.87. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The firm has a market cap of $40.36 billion, a PE ratio of 11.54, a P/E/G ratio of 2.01 and a beta of 1.64.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same period last year, the company earned $0.39 earnings per share. Ford Motor’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that Ford Motor will post 1.77 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.91%. Ford Motor’s payout ratio is 68.18%.

About Ford Motor

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.