Geode Capital Management LLC Grows Stock Holdings in Ford Motor Company $F

Geode Capital Management LLC increased its stake in shares of Ford Motor Company (NYSE:F) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,600,353 shares of the auto manufacturer’s stock after purchasing an additional 1,255,349 shares during the period. Geode Capital Management LLC’s holdings in Ford Motor were worth $1,394,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Robertson Stephens Wealth Management LLC grew its position in Ford Motor by 1.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after buying an additional 761 shares during the period. CRA Financial Services LLC grew its position in Ford Motor by 4.4% during the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after buying an additional 775 shares during the period. Cary Street Partners Investment Advisory LLC grew its position in Ford Motor by 16.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after buying an additional 776 shares during the period. Cyndeo Wealth Partners LLC grew its position in Ford Motor by 7.2% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after buying an additional 784 shares during the period. Finally, Activest Wealth Management grew its position in Ford Motor by 35.3% during the fourth quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after buying an additional 794 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F opened at $16.71 on Friday. The firm has a market cap of $66.56 billion, a P/E ratio of -10.78, a PEG ratio of 0.35 and a beta of 1.65. Ford Motor Company has a 1-year low of $9.88 and a 1-year high of $16.75. The company has a 50 day simple moving average of $12.60 and a two-hundred day simple moving average of $13.10. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Equities analysts forecast that Ford Motor Company will post 1.6 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Ford Motor’s dividend payout ratio is currently -38.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on F shares. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Wall Street Zen cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. UBS Group decreased their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company decreased their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus target price of $13.56.

Ford Motor Profile

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.