Bluefin Capital Management LLC Takes Position in Ford Motor (NYSE:F)

Bluefin Capital Management LLC acquired a new stake in shares of Ford Motor (NYSE:F) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 23,200 shares of the auto manufacturer’s stock, valued at approximately $291,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of F. Fisher Asset Management LLC raised its stake in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock worth $721,047,000 after acquiring an additional 3,521,520 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Legal & General Group Plc boosted its holdings in Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after buying an additional 318,715 shares during the period. LSV Asset Management boosted its holdings in Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after buying an additional 312,496 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F stock opened at $10.76 on Wednesday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The business has a 50-day moving average price of $10.73 and a 200 day moving average price of $11.96. The company has a market capitalization of $42.94 billion, a P/E ratio of 11.09, a PEG ratio of 0.79 and a beta of 1.62.

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

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 annualized dividend and a dividend yield of 5.58%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on F. Wells Fargo & Company dropped their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Barclays decreased their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a research note on Tuesday. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.72.

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.