Panagora Asset Management Inc. Raises Stock Holdings in Ford Motor Company $F

Panagora Asset Management Inc. boosted its holdings in shares of Ford Motor Company (NYSE:F) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,959,287 shares of the auto manufacturer’s stock after purchasing an additional 339,912 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.10% of Ford Motor worth $51,946,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of F. Grove Bank & Trust boosted its position in Ford Motor by 110.7% during the fourth 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 in the last quarter. Olistico Wealth LLC purchased a new position in Ford Motor during the fourth quarter worth approximately $26,000. McMillan Office Inc. purchased a new position in Ford Motor during the fourth quarter worth approximately $26,000. Johnson Financial Group Inc. boosted its position in Ford Motor by 55.4% during the third 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 in the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in Ford Motor during the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. Citigroup boosted their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wells Fargo & Company dropped their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, UBS Group boosted their price target on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $14.63.

Ford Motor Stock Down 0.4%

Shares of F opened at $14.78 on Tuesday. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. Ford Motor Company has a one year low of $10.38 and a one year high of $17.78. The stock has a market capitalization of $58.89 billion, a price-to-earnings ratio of -9.53, a PEG ratio of 0.32 and a beta of 1.79. The stock has a 50 day moving average price of $13.52 and a 200 day moving average price of $13.30.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. Ford Motor’s payout ratio is -38.71%.

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.