Fisher Asset Management LLC Raises Holdings in Ford Motor (NYSE:F)

Fisher Asset Management LLC grew its position in shares of Ford Motor (NYSE:F) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,152,154 shares of the auto manufacturer’s stock after purchasing an additional 3,522,965 shares during the period. Fisher Asset Management LLC’s holdings in Ford Motor were worth $721,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in F. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Ford Motor by 21.4% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 45,769 shares of the auto manufacturer’s stock valued at $558,000 after acquiring an additional 8,074 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Ford Motor by 0.7% in the 4th quarter. New York Life Investment Management LLC now owns 578,899 shares of the auto manufacturer’s stock valued at $7,057,000 after acquiring an additional 3,884 shares during the last quarter. Oder Investment Management LLC bought a new position in shares of Ford Motor in the 4th quarter valued at about $521,000. Brighton Jones LLC lifted its holdings in shares of Ford Motor by 26.2% in the 4th quarter. Brighton Jones LLC now owns 26,197 shares of the auto manufacturer’s stock valued at $319,000 after acquiring an additional 5,441 shares during the last quarter. Finally, Steele Capital Management Inc. bought a new position in shares of Ford Motor in the 4th quarter valued at about $242,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on F shares. Morgan Stanley increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Piper Sandler initiated coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Redburn Atlantic initiated coverage on shares of Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective for the company. Barclays raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Citigroup raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and an average target price of $14.02.

Ford Motor Trading Up 2.0 %

Shares of Ford Motor stock traded up $0.25 on Thursday, hitting $12.45. 19,963,063 shares of the company traded hands, compared to its average volume of 54,041,617. The company has a market cap of $49.47 billion, a PE ratio of 12.84, a PEG ratio of 0.82 and a beta of 1.61. The stock’s 50 day moving average price is $12.63 and its 200-day moving average price is $11.80. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. Ford Motor’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Equities research analysts predict that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Insider Activity at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

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.