Geode Capital Management LLC Buys 2,089,127 Shares of Ford Motor (NYSE:F)

Geode Capital Management LLC lifted its stake in shares of Ford Motor (NYSE:F) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,078,284 shares of the auto manufacturer’s stock after acquiring an additional 2,089,127 shares during the period. Geode Capital Management LLC owned approximately 2.12% of Ford Motor worth $830,662,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in F. Vanguard Group Inc. raised its stake in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares in the last quarter. Norges Bank purchased a new position in Ford Motor in the 4th quarter worth $387,282,000. Charles Schwab Investment Management Inc. lifted its stake in Ford Motor by 5.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Ford Motor during the third quarter valued at about $55,456,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Ford Motor during the fourth quarter valued at about $12,952,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

F has been the subject of a number of recent research reports. BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. TD Cowen initiated coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price objective for the company. Piper Sandler decreased their target price on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. dropped their price target on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Finally, Evercore ISI decreased their price objective 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $11.37.

Ford Motor Price Performance

F opened at $10.14 on Thursday. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The company has a market cap of $40.19 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock has a fifty day simple moving average of $9.74 and a two-hundred day simple moving average of $10.27.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. 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 declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 5.92%. Ford Motor’s payout ratio is currently 41.10%.

Ford Motor 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.