Norges Bank acquired a new position in shares of Ford Motor Company (NYSE:F – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 51,405,295 shares of the auto manufacturer’s stock, valued at approximately $674,437,000. Norges Bank owned approximately 1.29% of Ford Motor at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust increased its position in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the fourth quarter worth about $26,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Ford Motor during the fourth quarter worth about $29,000. Johnson Financial Group Inc. increased its position in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares during the last quarter. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Ford Motor during the third quarter worth about $32,000. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Stock Performance
F stock opened at $17.49 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The firm has a market cap of $69.70 billion, a P/E ratio of -11.29, a P/E/G ratio of 0.38 and a beta of 1.79. Ford Motor Company has a 12-month low of $9.88 and a 12-month high of $17.78. The stock’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $13.13.
Ford Motor Announces Dividend
The company also recently declared 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. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Bank of America lifted their target price on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. UBS Group dropped their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Citigroup dropped their target price on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.77.
Read Our Latest Research Report on Ford Motor
Key Ford Motor News
Here are the key news stories impacting Ford Motor this week:
- Positive Sentiment: Bank of America raised its price target on Ford to $20 from $17 and reiterated a buy rating, signaling further upside potential. Benzinga article
- Positive Sentiment: Ford has been identified as a top-ranked momentum stock, which can attract traders looking for recent winners and help extend the rally.
- Positive Sentiment: Investors are increasingly focused on Ford’s battery pivot and new subsidiary, viewing it as a possible multi-year growth driver beyond traditional vehicle sales. Benzinga article
- Positive Sentiment: Coverage comparing Ford with General Motors highlighted how legacy automakers are benefiting from AI-related and battery-storage opportunities, not just new-car sales. Barrons article
- Positive Sentiment: Ford has also been discussed on CNBC’s “Final Trades,” which can reinforce bullish sentiment and keep the stock on traders’ radar. Benzinga article
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.
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