Sovereign Investment Advisors LLC Takes Position in Ford Motor (NYSE:F)

by · The Cerbat Gem

Sovereign Investment Advisors LLC purchased a new stake in shares of Ford Motor (NYSE:F – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,865 shares of the auto manufacturer’s stock, valued at approximately $147,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock valued at $1,278,153,000 after purchasing an additional 6,497,321 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ford Motor by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock valued at $863,009,000 after purchasing an additional 1,336,676 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Ford Motor by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock valued at $257,108,000 after buying an additional 636,330 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Ford Motor by 112.8% in 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 last quarter. Finally, Swiss National Bank grew its stake in Ford Motor by 0.7% in the 3rd quarter. Swiss National Bank now owns 11,639,886 shares of the auto manufacturer’s stock valued at $122,917,000 after buying an additional 84,600 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company lowered their target price on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, TD Cowen began coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $11.68.

Check Out Our Latest Stock Report on Ford Motor

Ford Motor Trading Up 2.0 %

Shares of F stock opened at $9.73 on Friday. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The company has a market capitalization of $38.54 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The firm has a 50-day moving average price of $9.71 and a 200 day moving average price of $10.33. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F – Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) 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%. Research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Ford Motor Profile

(Free Report)

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.

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