Pictet Asset Management Holding SA Buys 423,800 Shares of Ford Motor Company $F

Pictet Asset Management Holding SA boosted its stake in shares of Ford Motor Company (NYSE:F) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,828,477 shares of the auto manufacturer’s stock after acquiring an additional 423,800 shares during the quarter. Pictet Asset Management Holding SA owned 0.07% of Ford Motor worth $34,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Verus Capital Partners LLC lifted its holdings in Ford Motor by 55.4% during the 3rd quarter. Verus Capital Partners LLC now owns 23,345 shares of the auto manufacturer’s stock valued at $282,000 after purchasing an additional 8,322 shares during the last quarter. AlphaCentric Advisors LLC boosted its position in Ford Motor by 6.1% in the third quarter. AlphaCentric Advisors LLC now owns 18,401 shares of the auto manufacturer’s stock valued at $222,000 after buying an additional 1,052 shares in the last quarter. Plancorp LLC grew its stake in Ford Motor by 33.2% during the third quarter. Plancorp LLC now owns 34,917 shares of the auto manufacturer’s stock worth $428,000 after buying an additional 8,701 shares during the last quarter. Alps Advisors Inc. grew its stake in Ford Motor by 11.4% during the third quarter. Alps Advisors Inc. now owns 2,091,002 shares of the auto manufacturer’s stock worth $25,217,000 after buying an additional 214,023 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in shares of Ford Motor by 5.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 15,556 shares of the auto manufacturer’s stock worth $188,000 after buying an additional 841 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. UBS Group reduced their target price on Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. The Goldman Sachs Group decreased their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, October 29th. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a report on Friday, July 31st. Finally, BNP Paribas Exane reduced their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.02.

Ford Motor Price Performance

F opened at $12.26 on Wednesday. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94. The stock has a market capitalization of $48.94 billion, a P/E ratio of -6.22, a price-to-earnings-growth ratio of 0.24 and a beta of 1.88. The company’s 50 day simple moving average is $12.68 and its 200-day simple moving average is $13.32. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The firm had revenue of $49.53 billion during the quarter, compared to analysts’ expectations of $49.08 billion. During the same quarter in the previous year, the company posted $0.45 EPS. Ford Motor’s revenue was down 2.0% on a year-over-year basis. Sell-side analysts anticipate that Ford Motor Company will post 1.90 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, November 10th. Ford Motor’s payout ratio is -30.46%.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.