Zacks Investment Management Purchases 197,834 Shares of Ford Motor (NYSE:F)

Zacks Investment Management raised its position in shares of Ford Motor (NYSE:F) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,358,014 shares of the auto manufacturer’s stock after acquiring an additional 197,834 shares during the period. Zacks Investment Management owned approximately 0.06% of Ford Motor worth $24,901,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in F. Assenagon Asset Management S.A. increased its position in Ford Motor by 14,373.9% during the third quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after acquiring an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Ford Motor by 112.8% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock worth $126,477,000 after buying an additional 6,348,185 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after buying an additional 5,270,562 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of Ford Motor during the 3rd quarter valued at about $55,456,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on F. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.08.

Ford Motor Stock Up 0.7 %

Shares of Ford Motor stock opened at $10.51 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock has a market cap of $41.77 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.96 and a beta of 1.62. The business has a fifty day simple moving average of $10.86 and a 200 day simple moving average of $11.37.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.39 earnings per share. Research analysts predict that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.71%. Ford Motor’s payout ratio is 68.18%.

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.