Plato Investment Management Ltd Acquires Shares of 56,102 Ford Motor Company $F

Plato Investment Management Ltd bought a new position in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 56,102 shares of the auto manufacturer’s stock, valued at approximately $775,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after buying an additional 4,087,699 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after acquiring an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC raised its position in Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after acquiring an additional 1,255,349 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Ford Motor in the second quarter valued at $717,218,000. Finally, Norges Bank acquired a new stake in Ford Motor in the fourth quarter valued at $674,437,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

F has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Barclays raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. BNP Paribas Exane upped their target price on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Finally, Bank of America lifted their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Trading Down 0.7%

Shares of F opened at $13.95 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $14.14 and a 200-day simple moving average of $13.50. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of -7.46, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.Ford Motor’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS. Equities analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

Ford Motor Company Profile

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.