Plato Investment Management Ltd Acquires New Position in Ford Motor Company $F

Plato Investment Management Ltd bought a new position in shares of Ford Motor Company (NYSE:F) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,102 shares of the auto manufacturer’s stock, valued at approximately $775,000.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new position in shares of Ford Motor during the 2nd quarter worth $717,218,000. Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter valued at $674,437,000. Marshall Wace LLP increased its stake in Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after purchasing an additional 15,866,285 shares during the last quarter. AQR Capital Management LLC increased its stake in Ford Motor by 610.1% in the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after purchasing an additional 9,603,267 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Ford Motor by 458.7% in the first quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock valued at $103,892,000 after purchasing an additional 7,391,361 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Down 0.7%

F opened at $13.95 on Wednesday. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The firm has a 50 day moving average price of $14.14 and a 200 day moving average price of $13.50. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The company has a market cap of $55.63 billion, a PE ratio of -7.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the company posted $0.37 earnings per share. Ford Motor’s revenue was down 3.8% compared to the same quarter last year. Sell-side analysts expect that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on F. JPMorgan Chase & Co. raised their price target on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.68.

Ford Motor Profile

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.