Varma Mutual Pension Insurance Co Acquires 73,800 Shares of Ford Motor Company $F

Varma Mutual Pension Insurance Co increased its holdings in shares of Ford Motor Company (NYSE:F) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 921,772 shares of the auto manufacturer’s stock after acquiring an additional 73,800 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in Ford Motor were worth $11,024,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Ford Motor during the 2nd quarter worth $405,328,000. Marshall Wace LLP raised its position in Ford Motor by 712.7% in the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock worth $212,361,000 after acquiring an additional 17,164,234 shares during the period. Geode Capital Management LLC raised its position in Ford Motor by 17.9% in the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after acquiring an additional 15,748,694 shares during the period. Bank of New York Mellon Corp boosted its stake in Ford Motor by 32.7% in the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after acquiring an additional 7,238,424 shares during the last quarter. Finally, 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 valued at $1,575,118,000 after acquiring an additional 5,118,228 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Ford Motor stock opened at $14.10 on Friday. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.50. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $56.16 billion, a PE ratio of -6.84, a price-to-earnings-growth ratio of 5.93 and a beta of 1.66. The firm’s 50 day simple moving average is $13.62 and its 200 day simple moving average is $12.66.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $45.89 billion during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.39 EPS. As a group, analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is presently -29.13%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. HSBC raised their target price on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Morgan Stanley raised their price objective on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, December 8th. Finally, Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $13.02.

Ford Motor Company Profile

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.