Quadrature Capital Ltd raised its position in shares of Ford Motor Company (NYSE:F – Free Report) by 107.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,567,646 shares of the auto manufacturer’s stock after acquiring an additional 1,331,828 shares during the period. Quadrature Capital Ltd owned approximately 0.06% of Ford Motor worth $30,696,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantitative Investment Management LLC bought a new stake in Ford Motor during the 3rd quarter valued at approximately $1,103,000. Invesco Ltd. grew its holdings in Ford Motor by 4.7% in the 3rd quarter. Invesco Ltd. now owns 35,390,868 shares of the auto manufacturer’s stock valued at $423,275,000 after buying an additional 1,597,841 shares during the last quarter. Seven Mile Advisory bought a new position in Ford Motor in the 3rd quarter worth approximately $137,000. Mackenzie Financial Corp increased its position in Ford Motor by 3.2% in the 3rd quarter. Mackenzie Financial Corp now owns 387,283 shares of the auto manufacturer’s stock worth $4,632,000 after buying an additional 11,999 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Ford Motor by 235.5% during the third quarter. Franklin Resources Inc. now owns 4,654,684 shares of the auto manufacturer’s stock worth $55,670,000 after buying an additional 3,267,209 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Evercore boosted their target price on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research report on Monday, December 22nd. Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a report on Wednesday, February 11th. TD Cowen raised their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Finally, Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average target price of $13.29.
Ford Motor Price Performance
Shares of NYSE:F opened at $12.05 on Friday. The firm has a market capitalization of $48.08 billion, a PE ratio of -5.85, a PEG ratio of 0.28 and a beta of 1.65. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $14.80. The business’s 50 day moving average is $13.59 and its 200-day moving average is $12.92.
Ford Motor (NYSE:F – Get Free Report) last issued its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS 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 analyst estimates of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.During the same period in the prior year, the company posted $0.39 earnings per share. Ford Motor’s revenue was down 4.8% on a year-over-year basis. Sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.
Ford Motor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date was Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. Ford Motor’s dividend payout ratio is currently -29.13%.
Insider Activity at Ford Motor
In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of Ford Motor stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.
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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