Los Angeles Capital Management LLC Acquires 10,999 Shares of Ford Motor (NYSE:F)

Los Angeles Capital Management LLC raised its holdings in Ford Motor (NYSE:F) by 53.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,510 shares of the auto manufacturer’s stock after buying an additional 10,999 shares during the period. Los Angeles Capital Management LLC’s holdings in Ford Motor were worth $395,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Newport Trust Company LLC raised its stake in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after acquiring an additional 6,667,808 shares during the period. Fisher Asset Management LLC raised its position in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after purchasing an additional 3,521,520 shares during the period. Norges Bank bought a new position in shares of Ford Motor in the fourth quarter valued at about $475,899,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Ford Motor by 11.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after buying an additional 1,214,640 shares during the last quarter. Finally, Coatue Management LLC acquired a new position in Ford Motor in the 4th quarter valued at about $149,152,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on F shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a report on Tuesday, September 10th. Royal Bank of Canada decreased their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Wells Fargo & Company dropped their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Wolfe Research began coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price objective for the company. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $12.95.

Ford Motor Stock Performance

NYSE:F opened at $10.69 on Friday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The stock’s 50-day simple moving average is $11.47 and its 200 day simple moving average is $12.09. The firm has a market capitalization of $42.50 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.61%. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

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.