Wedmont Private Capital acquired a new position in shares of Ford Motor (NYSE:F – Get Rating) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 15,599 shares of the auto manufacturer’s stock, valued at approximately $174,000.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Ford Motor by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 325,338,615 shares of the auto manufacturer’s stock worth $5,501,475,000 after acquiring an additional 26,707,784 shares in the last quarter. Snider Financial Group raised its holdings in shares of Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after acquiring an additional 219,586,336 shares in the last quarter. State Street Corp increased its position in shares of Ford Motor by 2.3% during the 4th quarter. State Street Corp now owns 167,772,396 shares of the auto manufacturer’s stock valued at $3,484,633,000 after purchasing an additional 3,739,938 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $780,129,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 24,771,739 shares of the auto manufacturer’s stock valued at $418,988,000 after purchasing an additional 436,777 shares during the last quarter. 49.89% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Trading Down 12.3 %
Shares of NYSE F opened at $13.09 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.16 and a quick ratio of 1.00. The stock has a market capitalization of $52.62 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. Ford Motor has a 1-year low of $10.61 and a 1-year high of $25.87. The business has a fifty day moving average price of $14.65 and a 200 day moving average price of $14.32.
Ford Motor Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 10th. This is a boost from Ford Motor’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 4.58%. Ford Motor’s dividend payout ratio (DPR) is 20.98%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on F. Nomura raised Ford Motor from a “reduce” rating to a “neutral” rating and set a $12.40 target price on the stock in a research report on Thursday, July 21st. Citigroup cut their target price on Ford Motor from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 2nd. TheStreet raised Ford Motor from a “c” rating to a “b-” rating in a research report on Wednesday, July 27th. StockNews.com raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, September 14th. Finally, Morgan Stanley upped their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 2nd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.28.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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