Geode Capital Management LLC Purchases 2,089,127 Shares of Ford Motor (NYSE:F)

Geode Capital Management LLC lifted its position in Ford Motor (NYSE:F) by 2.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 84,078,284 shares of the auto manufacturer’s stock after acquiring an additional 2,089,127 shares during the period. Geode Capital Management LLC’s holdings in Ford Motor were worth $830,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new position in Ford Motor in the 4th quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new position in shares of Ford Motor during the fourth quarter valued at $29,000. Flagship Wealth Advisors LLC bought a new position in shares of Ford Motor during the fourth quarter valued at $30,000. Kentucky Trust Co purchased a new stake in shares of Ford Motor during the fourth quarter valued at $31,000. Finally, Crewe Advisors LLC increased its holdings in Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 2.0 %

Shares of NYSE:F opened at $10.14 on Thursday. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The company has a market cap of $40.19 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The stock has a 50 day moving average of $9.74 and a 200 day moving average of $10.27. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

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

Ford Motor Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.92%. Ford Motor’s dividend payout ratio is presently 41.10%.

Wall Street Analyst Weigh In

Several research firms have issued reports on F. Royal Bank of Canada lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. TD Cowen started coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Finally, Wells Fargo & Company cut their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and an average price target of $11.37.

Ford Motor Company 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.