Swedbank AB Increases Stock Holdings in Ford Motor Company $F

Swedbank AB lifted its stake in Ford Motor Company (NYSE:F) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,160,585 shares of the auto manufacturer’s stock after buying an additional 68,314 shares during the period. Swedbank AB’s holdings in Ford Motor were worth $15,227,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of F. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,000 shares during the period. Olistico Wealth LLC purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. boosted its holdings in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Ford Motor in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

F opened at $14.93 on Tuesday. The business has a fifty day moving average of $12.35 and a 200 day moving average of $13.04. Ford Motor Company has a 52-week low of $9.88 and a 52-week high of $14.95. 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 stock has a market cap of $59.47 billion, a P/E ratio of -9.63, a PEG ratio of 0.33 and a beta of 1.65.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter in the previous year, the business earned $0.14 EPS. Ford Motor’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.6 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. Ford Motor’s payout ratio is -38.71%.

Analyst Ratings Changes

F has been the subject of a number of recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. TD Cowen dropped their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Citigroup dropped their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Bank of America started coverage on Ford Motor in a report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.56.

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.