Ensign Peak Advisors Inc Buys 60,882 Shares of Ford Motor (NYSE:F)

Ensign Peak Advisors Inc grew its stake in shares of Ford Motor (NYSE:F) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,429 shares of the auto manufacturer’s stock after buying an additional 60,882 shares during the period. Ensign Peak Advisors Inc’s holdings in Ford Motor were worth $4,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. NCP Inc. lifted its holdings in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after purchasing an additional 28,528 shares in the last quarter. Alberta Investment Management Corp lifted its stake in Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after acquiring an additional 91,300 shares in the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Ford Motor during the 4th quarter worth approximately $10,853,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Ford Motor by 12.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 455,671 shares of the auto manufacturer’s stock worth $4,511,000 after acquiring an additional 49,844 shares during the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of Ford Motor during the 4th quarter worth approximately $1,012,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE:F opened at $10.66 on Thursday. Ford Motor has a one year low of $8.44 and a one year high of $14.85. The company has a market cap of $42.25 billion, a P/E ratio of 7.30, a P/E/G ratio of 0.61 and a beta of 1.53. The firm’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $10.05. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last released its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. Equities analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 12th will be paid a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.63%. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on F shares. Royal Bank of Canada cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Bank of America cut their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Sanford C. Bernstein lowered shares of Ford Motor from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Wells Fargo & Company cut their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Finally, TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.00.

Ford Motor Company Profile

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.