Freestone Grove Partners LP Acquires Shares of 1,794,490 Ford Motor Company $F

Freestone Grove Partners LP acquired a new position in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 1,794,490 shares of the auto manufacturer’s stock, valued at approximately $24,943,000.

Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Ford Motor in the 2nd quarter valued at approximately $4,649,131,000. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $1,994,464,000 after purchasing an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after purchasing an additional 1,255,349 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Ford Motor during the second quarter valued at approximately $717,218,000. Finally, Norges Bank acquired a new position in shares of Ford Motor in the fourth quarter valued at $674,437,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $13.96 on Friday. The firm has a market cap of $55.65 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 0.29 and a beta of 1.82. The company has a 50 day moving average of $14.09 and a 200-day moving average of $13.51. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, equities analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s payout ratio is presently -32.09%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on F shares. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. UBS Group lifted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Bank of America raised their price target on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Profile

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.