Swiss National Bank Raises Position in Ford Motor Company $F

Swiss National Bank raised its stake in shares of Ford Motor Company (NYSE:F) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,485,586 shares of the auto manufacturer’s stock after acquiring an additional 773,700 shares during the period. Swiss National Bank’s holdings in Ford Motor were worth $132,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Ford Motor in the 4th quarter worth approximately $1,769,000. TD Asset Management Inc grew its stake in shares of Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after purchasing an additional 189,310 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after purchasing an additional 103,423 shares during the period. Finally, World Investment Advisors increased its holdings in shares of Ford Motor by 222.5% during the 4th quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock valued at $1,644,000 after purchasing an additional 86,445 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 1.4%

F stock opened at $14.03 on Tuesday. The company has a market cap of $55.89 billion, a price-to-earnings ratio of -9.05, a PEG ratio of 0.32 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78. The firm has a 50-day moving average of $14.34 and a two-hundred day moving average of $13.41.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same period in the prior year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, analysts forecast that Ford Motor Company will post 1.66 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were 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 was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Analysts Set New Price Targets

A number of brokerages have weighed in on F. JPMorgan Chase & Co. upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Citigroup increased their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $14.79.

About Ford Motor

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.