588,830 Shares in Ford Motor Company $F Purchased by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC purchased a new stake in Ford Motor Company (NYSE:FFree Report) in the first quarter, Holdings Channel.com reports. The firm purchased 588,830 shares of the auto manufacturer’s stock, valued at approximately $6,795,000. Ford Motor accounts for about 1.3% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after buying an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after buying an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC raised its holdings in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after acquiring an additional 1,255,349 shares in the last quarter. Norges Bank bought a new position in Ford Motor during the 4th quarter valued at $674,437,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ford Motor by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock valued at $601,687,000 after acquiring an additional 125,534 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. TD Cowen cut their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. The Goldman Sachs Group lifted their target price on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, Barclays boosted their price target on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $14.77.

Get Our Latest Research Report on F

Ford Motor Stock Performance

Shares of NYSE F traded up $0.39 during midday trading on Friday, hitting $13.99. The company’s stock had a trading volume of 47,055,402 shares, compared to its average volume of 47,879,128. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. Ford Motor Company has a 1-year low of $10.68 and a 1-year high of $17.78. The firm’s fifty day moving average price is $14.10 and its 200-day moving average price is $13.38. The firm has a market cap of $55.77 billion, a P/E ratio of -9.03, a P/E/G ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Ford Motor’s quarterly revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors 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 4.3%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Ford Motor Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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