Norges Bank Invests $387.28 Million in Ford Motor (NYSE:F)

Norges Bank acquired a new stake in Ford Motor (NYSE:F) in the fourth quarter, Holdings Channel reports. The firm acquired 39,119,444 shares of the auto manufacturer’s stock, valued at approximately $387,282,000.

Several other large investors have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new stake in Ford Motor in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor during the fourth quarter worth approximately $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the fourth quarter valued at approximately $30,000. Kentucky Trust Co purchased a new position in Ford Motor in the fourth quarter worth approximately $31,000. Finally, Crewe Advisors LLC grew its holdings in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after acquiring an additional 2,068 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Trading Down 1.8 %

NYSE F opened at $9.73 on Friday. Ford Motor has a one year low of $9.06 and a one year high of $14.85. The firm has a market cap of $38.54 billion, a PE ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The firm’s fifty day moving average is $9.75 and its two-hundred day moving average is $10.28. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on F. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Jefferies Financial Group downgraded Ford Motor from a “hold” rating to an “underperform” rating and dropped their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, BNP Paribas raised Ford Motor to a “hold” rating in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $11.37.

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.