Ford Motor Company $F Shares Bought by DNB Asset Management AS

DNB Asset Management AS grew its holdings in Ford Motor Company (NYSE:F) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 713,228 shares of the auto manufacturer’s stock after purchasing an additional 57,527 shares during the quarter. DNB Asset Management AS’s holdings in Ford Motor were worth $7,739,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new position in Ford Motor during the first quarter worth $520,000. Venturi Wealth Management LLC increased its stake in shares of Ford Motor by 534.0% in the 1st quarter. Venturi Wealth Management LLC now owns 15,274 shares of the auto manufacturer’s stock worth $153,000 after acquiring an additional 12,865 shares during the last quarter. Burney Co. raised its holdings in shares of Ford Motor by 7.0% during the 1st quarter. Burney Co. now owns 30,219 shares of the auto manufacturer’s stock worth $303,000 after acquiring an additional 1,988 shares during the period. Carnegie Investment Counsel raised its holdings in shares of Ford Motor by 41.4% during the 1st quarter. Carnegie Investment Counsel now owns 29,843 shares of the auto manufacturer’s stock worth $276,000 after acquiring an additional 8,744 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of Ford Motor by 1.7% during the 1st quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer’s stock valued at $624,000 after acquiring an additional 1,035 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

NYSE:F opened at $12.83 on Friday. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $13.97. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The company has a 50 day moving average price of $12.42 and a 200 day moving average price of $11.53. The stock has a market capitalization of $51.12 billion, a P/E ratio of 11.06, a PEG ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 51.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, November 17th. UBS Group increased their price target on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. upped their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Citigroup raised their target price on Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.73.

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.