DNB Asset Management AS Increases Stake in Ford Motor Company $F

DNB Asset Management AS lifted its holdings in shares of Ford Motor Company (NYSE:FFree Report) by 127.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,623,628 shares of the auto manufacturer’s stock after purchasing an additional 910,400 shares during the period. DNB Asset Management AS’s holdings in Ford Motor were worth $19,419,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Corsicana & Co. purchased a new position in shares of Ford Motor in the third quarter worth about $25,000. Salomon & Ludwin LLC grew its position in Ford Motor by 86.6% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after acquiring an additional 1,083 shares during the last quarter. Capital A Wealth Management LLC increased its stake in Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 2,279 shares during the period. Country Trust Bank purchased a new position in Ford Motor in the 2nd quarter worth approximately $27,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Ford Motor in the second quarter valued at approximately $30,000. 58.74% of the stock is owned by institutional investors.

More Ford Motor News

Here are the key news stories impacting Ford Motor this week:

Ford Motor Trading Down 2.4%

NYSE F opened at $14.07 on Friday. The firm has a market capitalization of $56.12 billion, a PE ratio of -6.83, a P/E/G ratio of 0.35 and a beta of 1.66. The stock’s 50 day moving average is $13.75 and its 200 day moving average is $12.86. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.80. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:FGet Free Report) last announced its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $45.89 billion during the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. Research analysts forecast that Ford Motor Company will post 1.47 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, March 2nd. Investors of record on Friday, February 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s payout ratio is presently -29.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler upgraded shares of Ford Motor from a “neutral” rating to an “overweight” rating and upped their price target for the company from $11.00 to $16.00 in a report on Thursday, January 8th. HSBC upped their price target on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a research report on Tuesday, January 13th. Evercore lifted their price objective on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. Barclays upped their target price on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.02.

View Our Latest Stock Analysis on F

Insider Transactions at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at $54,072,132. The trade was a 3.71% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company’s stock.

Ford Motor Profile

(Free Report)

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

See Also

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:FFree Report).

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.