PDT Partners LLC Acquires Shares of 99,506 Ford Motor Company $F

PDT Partners LLC purchased a new stake in shares of Ford Motor Company (NYSE:F) in the second quarter, HoldingsChannel.com reports. The firm purchased 99,506 shares of the auto manufacturer’s stock, valued at approximately $1,383,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Ford Motor during the 2nd quarter worth $4,649,131,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ford Motor by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after acquiring an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after purchasing an additional 1,255,349 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Ford Motor during the second quarter worth approximately $717,218,000. Finally, Norges Bank acquired a new position in Ford Motor in the fourth quarter worth approximately $674,437,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 0.4%

Ford Motor stock opened at $13.90 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The company has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $13.51. The company has a market cap of $55.43 billion, a P/E ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate 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 firm posted $0.37 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Research analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Piper Sandler lifted their target price on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Royal Bank Of Canada upped their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen cut Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.