FMR LLC lowered its position in Ford Motor Company (NYSE:F) by 82.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,005,870 shares of the auto manufacturer’s stock after selling 13,807,930 shares during the period. FMR LLC owned approximately 0.07% of Ford Motor Company worth $36,461,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Ford Motor Company by 1.7% in the fourth quarter. State Street Corp now owns 158,887,721 shares of the auto manufacturer’s stock valued at $1,927,303,000 after buying an additional 2,731,168 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Ford Motor Company by 3.4% in the third quarter. BlackRock Fund Advisors now owns 47,194,917 shares of the auto manufacturer’s stock valued at $569,643,000 after buying an additional 1,562,070 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Ford Motor Company by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 37,408,809 shares of the auto manufacturer’s stock valued at $453,802,000 after buying an additional 183,237 shares in the last quarter. Morgan Stanley increased its stake in shares of Ford Motor Company by 22.4% in the third quarter. Morgan Stanley now owns 34,669,708 shares of the auto manufacturer’s stock valued at $418,463,000 after buying an additional 6,348,720 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Ford Motor Company by 29.0% in the third quarter. TIAA CREF Investment Management LLC now owns 15,834,993 shares of the auto manufacturer’s stock valued at $191,128,000 after buying an additional 3,560,193 shares in the last quarter. Institutional investors own 54.19% of the company’s stock.
Ford Motor Company (NYSE:F) traded down 0.96% during mid-day trading on Friday, hitting $11.36. 21,858,955 shares of the stock traded hands. The stock’s 50 day moving average is $11.84 and its 200-day moving average is $12.18. The company has a market cap of $45.15 billion, a price-to-earnings ratio of 9.88 and a beta of 1.02. Ford Motor Company has a 12 month low of $11.07 and a 12 month high of $14.22. Ford Motor Company also saw unusually large options trading activity on Friday. Stock traders bought 8,147 put options on the company. This represents an increase of 479% compared to the typical daily volume of 1,407 put options.
Ford Motor Company (NYSE:F) last released its quarterly earnings results on Thursday, January 26th. The auto manufacturer reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by $0.01. Ford Motor Company had a return on equity of 23.23% and a net margin of 3.08%. The company had revenue of $38.70 billion for the quarter, compared to the consensus estimate of $35.12 billion. During the same quarter last year, the firm posted $0.58 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Ford Motor Company will post $1.59 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, April 20th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, April 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.23%. Ford Motor Company’s dividend payout ratio (DPR) is 52.63%.
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Several equities research analysts have weighed in on F shares. Barclays PLC raised Ford Motor Company from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Friday, February 3rd. Goldman Sachs Group Inc set a $12.00 price target on Ford Motor Company and gave the stock a “hold” rating in a research report on Wednesday, January 11th. Zacks Investment Research cut Ford Motor Company from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 29th. Royal Bank of Canada restated a “hold” rating and set a $13.00 target price on shares of Ford Motor Company in a research report on Wednesday, January 4th. Finally, TheStreet upgraded Ford Motor Company from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $13.80.
In other Ford Motor Company news, Chairman William Clay Ford, Jr. acquired 171,379 shares of the stock in a transaction dated Friday, March 24th. The shares were bought at an average price of $11.67 per share, with a total value of $1,999,992.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ziad S. Ojakli sold 50,309 shares of Ford Motor Company stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $12.63, for a total transaction of $635,402.67. Following the completion of the transaction, the insider now directly owns 292,815 shares in the company, valued at approximately $3,698,253.45. The disclosure for this sale can be found here. Insiders have sold a total of 192,935 shares of company stock worth $2,437,889 over the last 90 days. 1.10% of the stock is owned by insiders.
Ford Motor Company Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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