Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ford Motor (NYSE:F) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 813,084 shares of the auto manufacturer’s stock after purchasing an additional 18,054 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ford Motor were worth $6,220,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Adirondack Trust Co. raised its holdings in Ford Motor by 16.0% in the 4th quarter. Adirondack Trust Co. now owns 11,155 shares of the auto manufacturer’s stock valued at $85,000 after acquiring an additional 1,540 shares during the last quarter. Advisors Capital Management LLC lifted its position in Ford Motor by 0.4% during the fourth quarter. Advisors Capital Management LLC now owns 521,956 shares of the auto manufacturer’s stock worth $3,993,000 after purchasing an additional 2,008 shares during the period. Carroll Financial Associates Inc. boosted its holdings in shares of Ford Motor by 4.7% during the 4th quarter. Carroll Financial Associates Inc. now owns 51,649 shares of the auto manufacturer’s stock worth $428,000 after buying an additional 2,326 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its stake in Ford Motor by 2.7% during the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 93,487 shares of the auto manufacturer’s stock valued at $715,000 after acquiring an additional 2,451 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its position in shares of Ford Motor by 8.6% during the 3rd quarter. Belpointe Asset Management LLC now owns 34,045 shares of the auto manufacturer’s stock valued at $315,000 after acquiring an additional 2,696 shares during the last quarter. 54.13% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on F. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. ValuEngine downgraded shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 7th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $11.00 price target on shares of Ford Motor in a research report on Tuesday, January 8th. Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $12.00 in a research report on Monday, October 29th. Finally, Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. Ford Motor presently has a consensus rating of “Hold” and a consensus price target of $10.39.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, January 23rd. The auto manufacturer reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $38.70 billion during the quarter, compared to analysts’ expectations of $36.83 billion. Ford Motor had a net margin of 2.29% and a return on equity of 14.38%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. As a group, equities analysts forecast that Ford Motor will post 1.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, January 31st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 7.13%. Ford Motor’s dividend payout ratio (DPR) is 46.15%.
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About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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