Calamos Advisors LLC lessened its stake in shares of Ford Motor Company (NYSE:F – Free Report) by 95.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 741,898 shares of the auto manufacturer’s stock after selling 15,983,000 shares during the quarter. Calamos Advisors LLC’s holdings in Ford Motor were worth $8,562,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after buying an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Ford Motor by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after buying an additional 4,089,779 shares during the period. Geode Capital Management LLC boosted its position in Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the period. Norges Bank bought a new stake in Ford Motor in the 4th quarter worth $674,437,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ford Motor by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock worth $601,687,000 after acquiring an additional 125,534 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.
Analyst Ratings Changes
F has been the subject of several recent analyst reports. BNP Paribas Exane upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Wall Street Zen raised Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Bank of America increased their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $14.72.
Ford Motor Stock Up 0.6%
Shares of NYSE F opened at $13.93 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78. The firm has a market capitalization of $55.51 billion, a PE ratio of -8.99, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82. The firm has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $13.39.
Ford Motor (NYSE:F – Get Free Report) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 previous year, the firm posted $0.14 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts expect that Ford Motor Company will post 1.64 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.
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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