Swiss National Bank Grows Position in Ford Motor Company $F

Swiss National Bank grew its stake in shares of Ford Motor Company (NYSE:F) by 7.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,822,986 shares of the auto manufacturer’s stock after acquiring an additional 813,800 shares during the period. Swiss National Bank’s holdings in Ford Motor were worth $128,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after buying an additional 55,576,478 shares during the period. Geode Capital Management LLC boosted its stake in shares of Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after acquiring an additional 15,748,694 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Ford Motor in the 1st quarter worth approximately $123,147,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ford Motor by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after acquiring an additional 10,947,527 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Ford Motor by 32.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after purchasing an additional 7,238,424 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $12.83 on Friday. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97. The company’s 50 day simple moving average is $12.42 and its 200 day simple moving average is $11.53. The company has a market capitalization of $51.12 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12.

Ford Motor (NYSE:F) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same period in the previous year, the company earned $0.49 EPS. Ford Motor’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.7%. Ford Motor’s dividend payout ratio is 51.72%.

Wall Street Analysts Forecast Growth

F has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Royal Bank Of Canada lifted their price target on Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Friday, October 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, November 17th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and upped their price target for the company from $9.00 to $12.00 in a report on Monday, October 6th. Finally, Dbs Bank lowered Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $11.73.

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.