Public Sector Pension Investment Board Grows Stock Position in Ford Motor (NYSE:F)

Public Sector Pension Investment Board lifted its holdings in Ford Motor (NYSE:F) by 76.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,112 shares of the auto manufacturer’s stock after purchasing an additional 66,123 shares during the period. Public Sector Pension Investment Board’s holdings in Ford Motor were worth $1,920,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Olistico Wealth LLC purchased a new stake in Ford Motor in the second quarter worth about $25,000. Fortis Group Advisors LLC lifted its holdings in Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after purchasing an additional 1,086 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Ford Motor in the second quarter worth $26,000. Voisard Asset Management Group Inc. bought a new stake in shares of Ford Motor during the 4th quarter valued at $27,000. Finally, Financial Synergies Wealth Advisors Inc. raised its position in shares of Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Royal Bank of Canada cut their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Barclays lowered their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. StockNews.com raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average target price of $12.64.

Ford Motor Trading Up 0.9 %

NYSE F opened at $10.78 on Monday. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The company has a 50 day moving average price of $10.87 and a 200 day moving average price of $11.98. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The firm has a market cap of $43.04 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.62.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.57%. Ford Motor’s payout ratio is 61.86%.

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.