BankPlus Trust Department Acquires New Position in Ford Motor (NYSE:F)

BankPlus Trust Department bought a new position in shares of Ford Motor (NYSE:F) during the fourth quarter, Holdings Channel reports. The fund bought 3,398 shares of the auto manufacturer’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. raised its position in shares of Ford Motor by 112.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after buying an additional 6,348,185 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 4.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after acquiring an additional 5,270,562 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Ford Motor in the third quarter valued at $55,456,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Ford Motor by 420.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,042,820 shares of the auto manufacturer’s stock valued at $63,812,000 after purchasing an additional 4,881,105 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Ford Motor by 1,215.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after purchasing an additional 2,488,850 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of F opened at $9.42 on Wednesday. Ford Motor has a 1 year low of $9.10 and a 1 year high of $14.85. The stock has a market capitalization of $37.32 billion, a PE ratio of 6.45, a PEG ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The stock has a 50-day simple moving average of $9.79 and a 200-day simple moving average of $10.43.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.37%. Ford Motor’s payout ratio is currently 41.10%.

Analyst Ratings Changes

A number of research analysts have commented on F shares. Sanford C. Bernstein cut shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Evercore ISI decreased their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Royal Bank of Canada dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.89.

Ford Motor Profile

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.