Panagora Asset Management Inc. boosted its stake in shares of Ford Motor Company (NYSE:F – Free Report) by 9.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,959,287 shares of the auto manufacturer’s stock after purchasing an additional 339,912 shares during the quarter. Panagora Asset Management Inc.’s holdings in Ford Motor were worth $51,946,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in F. Norges Bank acquired a new position in Ford Motor during the fourth quarter worth $674,437,000. DLD Asset Management LP acquired a new position in Ford Motor during the third quarter worth $299,000,000. Marshall Wace LLP boosted its stake in Ford Motor by 81.1% during the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after buying an additional 15,866,285 shares during the last quarter. Bank of New York Mellon Corp raised its position in Ford Motor by 26.9% in the fourth quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock valued at $500,572,000 after purchasing an additional 8,086,564 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in Ford Motor by 190.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock valued at $131,641,000 after purchasing an additional 7,220,686 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.
Ford Motor Price Performance
NYSE:F opened at $14.78 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $58.89 billion, a P/E ratio of -9.53, a P/E/G ratio of 0.32 and a beta of 1.79. Ford Motor Company has a 52 week low of $10.38 and a 52 week high of $17.78. The stock’s fifty day moving average is $13.52 and its two-hundred day moving average is $13.30.
Ford Motor Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, Citigroup lifted their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.63.
View Our Latest Report on Ford Motor
Ford Motor 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.
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