ProShare Advisors LLC Purchases 70,206 Shares of Ford Motor (NYSE:F)

ProShare Advisors LLC boosted its position in Ford Motor (NYSE:F) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 628,245 shares of the auto manufacturer’s stock after acquiring an additional 70,206 shares during the period. ProShare Advisors LLC’s holdings in Ford Motor were worth $6,220,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Ford Motor by 16.6% in 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 during the period. Charles Schwab Investment Management Inc. raised its holdings in Ford Motor by 5.3% in the 4th 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 in the last quarter. Geode Capital Management LLC lifted its position in shares of Ford Motor by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer’s stock worth $830,662,000 after purchasing an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer’s stock valued at $460,444,000 after purchasing an additional 4,925,993 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Ford Motor during the fourth quarter valued at about $387,282,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.4%

NYSE:F opened at $10.80 on Monday. The stock has a market cap of $42.79 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.61 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company’s 50 day moving average price is $9.90 and its 200-day moving average price is $10.05. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last issued its earnings results 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 return on equity of 16.88% and a net margin of 3.18%. The business had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. During the same period last year, the business posted $0.49 EPS. The company’s revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor will post 1.47 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 Monday, June 2nd. Investors of record on Monday, May 12th will be issued a $0.15 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.56%. Ford Motor’s payout ratio is 48.00%.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays raised their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Sanford C. Bernstein lowered Ford Motor from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. Bank of America lowered their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Finally, Piper Sandler dropped their target price on shares of Ford Motor from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.00.

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.