Pictet Asset Management Holding SA Buys 423,800 Shares of Ford Motor Company $F

Pictet Asset Management Holding SA increased its stake in shares of Ford Motor Company (NYSE:F – Free Report) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,828,477 shares of the auto manufacturer’s stock after purchasing an additional 423,800 shares during the period. Pictet Asset Management Holding SA’s holdings in Ford Motor were worth $34,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Verus Capital Partners LLC lifted its stake in Ford Motor by 55.4% in the third quarter. Verus Capital Partners LLC now owns 23,345 shares of the auto manufacturer’s stock valued at $282,000 after buying an additional 8,322 shares during the period. AlphaCentric Advisors LLC boosted its holdings in Ford Motor by 6.1% during the third quarter. AlphaCentric Advisors LLC now owns 18,401 shares of the auto manufacturer’s stock worth $222,000 after buying an additional 1,052 shares during the last quarter. Plancorp LLC boosted its holdings in Ford Motor by 33.2% during the third quarter. Plancorp LLC now owns 34,917 shares of the auto manufacturer’s stock worth $428,000 after buying an additional 8,701 shares during the last quarter. Alps Advisors Inc. grew its position in shares of Ford Motor by 11.4% during the 3rd quarter. Alps Advisors Inc. now owns 2,091,002 shares of the auto manufacturer’s stock worth $25,217,000 after buying an additional 214,023 shares during the period. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Ford Motor by 5.7% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 15,556 shares of the auto manufacturer’s stock worth $188,000 after buying an additional 841 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 2.1%

Ford Motor stock opened at $12.26 on Wednesday. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The company has a quick ratio of 0.94, a current ratio of 1.08 and a debt-to-equity ratio of 2.97. The company has a 50 day moving average of $12.68 and a 200-day moving average of $13.32. The stock has a market capitalization of $48.94 billion, a PE ratio of -6.22, a price-to-earnings-growth ratio of 0.24 and a beta of 1.88.

Ford Motor (NYSE:F – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.41 by $0.08. The business had revenue of $49.53 billion for the quarter, compared to analysts’ expectations of $49.08 billion. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. On average, equities research analysts anticipate that Ford Motor Company will post 1.90 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, November 10th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, November 10th. Ford Motor’s payout ratio is -30.46%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Friday, July 31st. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. TD Cowen raised their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group lowered their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.02.

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Ford Motor Company Profile

(Free Report)

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.

Further Reading

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

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