Arrowstreet Capital Limited Partnership Decreases Stock Holdings in Ford Motor (NYSE:F)

Arrowstreet Capital Limited Partnership reduced its holdings in Ford Motor (NYSE:F) by 6.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,569,937 shares of the auto manufacturer’s stock after selling 623,461 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.24% of Ford Motor worth $94,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. American Money Management LLC purchased a new position in shares of Ford Motor in the 4th quarter worth approximately $133,000. Allianz SE purchased a new position in Ford Motor during the fourth quarter worth $963,000. OneAscent Wealth Management LLC increased its position in Ford Motor by 16.4% during the fourth quarter. OneAscent Wealth Management LLC now owns 30,266 shares of the auto manufacturer’s stock valued at $300,000 after acquiring an additional 4,267 shares during the last quarter. Allstate Corp purchased a new stake in shares of Ford Motor in the fourth quarter valued at $1,150,000. Finally, Maridea Wealth Management LLC bought a new stake in shares of Ford Motor in the 4th quarter worth about $140,000. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler cut their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Evercore ISI cut their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. TD Cowen began coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Thursday, March 27th. Finally, Bank of America decreased their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Three 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 company’s stock. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $11.37.

Ford Motor Trading Up 3.3 %

NYSE:F opened at $10.05 on Tuesday. The firm has a 50 day moving average of $9.75 and a 200 day moving average of $10.27. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The stock has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last posted its quarterly earnings data 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 return on equity of 16.88% and a net margin of 3.18%. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid 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 dividend yield of 5.97%. Ford Motor’s payout ratio is 41.10%.

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.