Ford Motor (NYSE:F) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in shares of Ford Motor (NYSE:F) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,803,944 shares of the auto manufacturer’s stock after purchasing an additional 11,867 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ford Motor were worth $17,859,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the last quarter. Norges Bank acquired a new stake in shares of Ford Motor during the 4th quarter valued at $387,282,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after acquiring an additional 6,497,321 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after acquiring an additional 6,348,185 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter worth $55,456,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on F shares. BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Piper Sandler reduced their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.37.

Ford Motor Trading Down 1.1 %

Shares of NYSE F opened at $9.92 on Wednesday. The business has a 50 day simple moving average of $9.74 and a 200 day simple moving average of $10.27. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The stock has a market cap of $39.30 billion, a price-to-earnings ratio of 6.79, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.05%. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.