Gotham Asset Management LLC Increases Stock Position in Ford Motor (NYSE:F)

Gotham Asset Management LLC raised its stake in shares of Ford Motor (NYSE:F) by 134.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 395,334 shares of the auto manufacturer’s stock after purchasing an additional 226,886 shares during the quarter. Gotham Asset Management LLC’s holdings in Ford Motor were worth $3,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of F. Albion Financial Group UT raised its stake in shares of Ford Motor by 38.5% in the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,000 shares during the period. Brighton Jones LLC boosted its stake in shares of Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,001 shares during the period. Angeles Wealth Management LLC grew its holdings in Ford Motor by 1.3% during the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after purchasing an additional 1,024 shares during the last quarter. Cornerstone Wealth Group LLC raised its position in Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after purchasing an additional 1,098 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its stake in Ford Motor by 6.9% in the fourth quarter. Armstrong Advisory Group Inc. now owns 17,157 shares of the auto manufacturer’s stock worth $170,000 after purchasing an additional 1,109 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

F has been the topic of a number of analyst reports. Wolfe Research raised Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays lifted their target price on Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, TD Cowen assumed coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.00.

Ford Motor Trading Up 0.6%

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 debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The firm 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 has a 50-day simple moving average of $9.87 and a 200-day simple moving average of $10.05.

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

Ford Motor Dividend Announcement

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

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.