DNB Asset Management AS Boosts Position in Ford Motor Company $F

DNB Asset Management AS grew its holdings in shares of Ford Motor Company (NYSE:FFree Report) by 127.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,623,628 shares of the auto manufacturer’s stock after purchasing an additional 910,400 shares during the quarter. DNB Asset Management AS’s holdings in Ford Motor were worth $19,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in F. 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. Capital Investment Advisors LLC grew its position in shares of Ford Motor by 1.3% during the 3rd quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock valued at $767,000 after acquiring an additional 824 shares during the period. Silverlake Wealth Management LLC increased its stake in shares of Ford Motor by 1.7% in the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after purchasing an additional 827 shares in the last quarter. Searle & CO. raised its holdings in Ford Motor by 2.1% in the 3rd quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 833 shares during the period. Finally, Perigon Wealth Management LLC lifted its position in Ford Motor by 2.4% during the third quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock valued at $427,000 after purchasing an additional 851 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Key Stories Impacting Ford Motor

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on F. JPMorgan Chase & Co. upped their price target on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Barclays raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. HSBC upped their price target on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Finally, Morgan Stanley raised their price objective on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $13.02.

Check Out Our Latest Research Report on F

Ford Motor Price Performance

Shares of NYSE:F opened at $14.07 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. The firm has a fifty day moving average price of $13.75 and a 200 day moving average price of $12.86. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.80. The firm has a market cap of $56.12 billion, a price-to-earnings ratio of -6.83, a P/E/G ratio of 0.35 and a beta of 1.66.

Ford Motor (NYSE:FGet Free Report) last released its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The business had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. During the same quarter last year, the business posted $0.39 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Ford Motor Company 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 will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s payout ratio is currently -29.13%.

Insider Transactions at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares in the company, valued at $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

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.

See Also

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

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