Alliancebernstein L.P. Raises Position in Ford Motor (NYSE:F)

Alliancebernstein L.P. boosted its position in shares of Ford Motor (NYSE:F) by 10.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,583,945 shares of the auto manufacturer’s stock after buying an additional 441,912 shares during the period. Alliancebernstein L.P.’s holdings in Ford Motor were worth $45,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. boosted its position in Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock worth $15,998,000 after acquiring an additional 336,720 shares during the last quarter. NCP Inc. lifted its stake in Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after purchasing an additional 28,528 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in shares of Ford Motor in the third quarter valued at approximately $55,456,000. Finally, Alberta Investment Management Corp grew its position in shares of Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after purchasing an additional 91,300 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America lowered their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Royal Bank of Canada lowered their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, Piper Sandler dropped their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $11.37.

Ford Motor Price Performance

F opened at $9.58 on Friday. The firm has a market cap of $37.95 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The stock’s 50-day moving average price is $9.72 and its 200 day moving average price is $10.25. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85.

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, topping the consensus estimate 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, sell-side analysts expect that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 6.27%. Ford Motor’s dividend payout ratio is presently 41.10%.

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.