WESPAC Advisors LLC Buys Shares of 47,346 Ford Motor Company $F

WESPAC Advisors LLC purchased a new position in shares of Ford Motor Company (NYSE:FFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,346 shares of the auto manufacturer’s stock, valued at approximately $566,000.

A number of other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $405,328,000. Marshall Wace LLP grew its holdings in Ford Motor by 712.7% in the 2nd quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock worth $212,361,000 after buying an additional 17,164,234 shares in the last quarter. Geode Capital Management LLC increased its position in Ford Motor by 17.9% in the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after acquiring an additional 15,748,694 shares during the period. Bank of New York Mellon Corp increased its position in Ford Motor by 32.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after acquiring an additional 7,238,424 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Ford Motor by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock valued at $1,575,118,000 after acquiring an additional 5,118,228 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Key Stories Impacting Ford Motor

Here are the key news stories impacting Ford Motor this week:

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on F shares. UBS Group increased their price target on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Evercore ISI increased their target price on shares of Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a research report on Monday, December 22nd. Morgan Stanley raised their target price on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and upped their price target for the stock from $9.00 to $12.00 in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $12.89.

Check Out Our Latest Analysis on F

Ford Motor Stock Performance

NYSE:F opened at $13.99 on Wednesday. The company has a 50-day moving average of $13.32 and a 200-day moving average of $12.31. The firm has a market cap of $55.72 billion, a price-to-earnings ratio of 12.06 and a beta of 1.62. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $14.50.

Ford Motor (NYSE:FGet Free Report) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. Analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Ford Motor Profile

(Free Report)

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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