Vise Technologies Inc. grew its position in Ford Motor Company (NYSE:F – Free Report) by 156.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,830 shares of the auto manufacturer’s stock after purchasing an additional 126,051 shares during the quarter. Vise Technologies Inc.’s holdings in Ford Motor were worth $2,714,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of Ford Motor in the 4th quarter valued at $674,437,000. DLD Asset Management LP purchased a new position in shares of Ford Motor in the 3rd quarter valued at $299,000,000. Marshall Wace LLP grew its position in shares of Ford Motor by 81.1% in the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after buying an additional 15,866,285 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Ford Motor by 26.9% in the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after buying an additional 8,086,564 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Ford Motor by 190.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock valued at $131,641,000 after buying an additional 7,220,686 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on F shares. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Wells Fargo & Company dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. TD Cowen dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.20.
Ford Motor Stock Down 2.8%
Shares of NYSE:F opened at $14.91 on Friday. The company has a market cap of $59.39 billion, a price-to-earnings ratio of -9.62, a PEG ratio of 0.32 and a beta of 1.79. The firm’s 50-day simple moving average is $13.12 and its 200-day simple moving average is $13.22. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. Ford Motor Company has a fifty-two week low of $10.15 and a fifty-two week high of $17.78.
Ford Motor (NYSE:F – Get Free Report) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, equities research analysts predict that Ford Motor Company will post 1.64 earnings per share for the current year.
Ford Motor Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.0%. Ford Motor’s payout ratio is presently -38.71%.
About Ford Motor
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.
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