Fox Run Management L.L.C. Buys 22,582 Shares of Ford Motor (NYSE:F)

Fox Run Management L.L.C. boosted its position in Ford Motor (NYSE:F) by 177.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,313 shares of the auto manufacturer’s stock after purchasing an additional 22,582 shares during the quarter. Fox Run Management L.L.C.’s holdings in Ford Motor were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of F. KLP Kapitalforvaltning AS acquired a new stake in shares of Ford Motor in the 4th quarter worth $12,952,000. Hillsdale Investment Management Inc. boosted its holdings in Ford Motor by 4.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 69,000 shares of the auto manufacturer’s stock worth $683,000 after acquiring an additional 3,000 shares in the last quarter. Plancorp LLC boosted its holdings in Ford Motor by 22.5% in the fourth quarter. Plancorp LLC now owns 16,680 shares of the auto manufacturer’s stock worth $165,000 after acquiring an additional 3,061 shares in the last quarter. Mizuho Securities USA LLC grew its stake in shares of Ford Motor by 46.1% during the fourth quarter. Mizuho Securities USA LLC now owns 369,957 shares of the auto manufacturer’s stock worth $3,663,000 after acquiring an additional 116,778 shares during the last quarter. Finally, Virtu Financial LLC raised its position in shares of Ford Motor by 252.9% in the 4th quarter. Virtu Financial LLC now owns 349,040 shares of the auto manufacturer’s stock valued at $3,455,000 after purchasing an additional 250,120 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $10.32 on Thursday. The firm has a market cap of $40.89 billion, a PE ratio of 7.07, a P/E/G ratio of 0.61 and a beta of 1.59. Ford Motor has a twelve month low of $9.06 and a twelve month high of $14.85. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business has a 50-day moving average price of $9.76 and a 200 day moving average price of $10.29.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Sell-side analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.82%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Analyst Ratings Changes

A number of research analysts have issued reports on F shares. Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. TD Cowen assumed coverage on Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Wells Fargo & Company cut their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.50.

About Ford Motor

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.