Stance Capital LLC Takes $722,000 Position in Ford Motor Company $F

Stance Capital LLC bought a new stake in shares of Ford Motor Company (NYSE:F) during the second quarter, HoldingsChannel reports. The institutional investor bought 66,532 shares of the auto manufacturer’s stock, valued at approximately $722,000.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Ford Motor by 1.0% during the second quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock worth $5,015,369,000 after purchasing an additional 4,585,636 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after buying an additional 5,118,228 shares during the period. Geode Capital Management LLC increased its stake in shares of Ford Motor by 17.9% in the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after acquiring an additional 15,748,694 shares during the last quarter. Norges Bank acquired a new stake in shares of Ford Motor in the 2nd quarter valued at approximately $405,328,000. Finally, Legal & General Group Plc increased its stake in Ford Motor by 3.3% in the second quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock valued at $372,170,000 after purchasing an additional 1,104,139 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

F has been the subject of several research analyst reports. Evercore ISI boosted their price target on shares of Ford Motor from $10.00 to $12.00 and gave the company an “in-line” rating in a report on Monday, November 24th. Wells Fargo & Company raised their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Citigroup boosted their price objective on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research report on Monday, October 27th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and lifted their price target for the company from $9.00 to $12.00 in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.04.

Ford Motor Stock Performance

Shares of F stock opened at $13.75 on Monday. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $13.97. The company’s fifty day simple moving average is $12.81 and its 200-day simple moving average is $11.83. The firm has a market cap of $54.79 billion, a PE ratio of 11.85 and a beta of 1.60. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.4%. Ford Motor’s dividend payout ratio is 51.72%.

Ford Motor Company 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.