Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in Ford Motor Company $F

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Ford Motor Company (NYSE:F) by 21.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 807,760 shares of the auto manufacturer’s stock after buying an additional 144,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ford Motor were worth $10,598,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after acquiring an additional 4,087,699 shares in the last quarter. Geode Capital Management LLC grew its holdings in Ford Motor by 1.2% during the 4th 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. Norges Bank bought a new position in Ford Motor during the 4th quarter worth about $674,437,000. Bank of New York Mellon Corp grew its holdings in Ford Motor by 26.9% during the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after acquiring an additional 8,086,564 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after acquiring an additional 15,866,285 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 2.8%

Shares of F opened at $14.91 on Friday. The firm has a market cap of $59.39 billion, a P/E ratio of -9.62, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. Ford Motor Company has a 12-month low of $10.15 and a 12-month high of $17.78. The company’s 50-day moving average price is $13.12 and its 200 day moving average price is $13.22. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. On average, sell-side analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.0%. Ford Motor’s dividend payout ratio is presently -38.71%.

Wall Street Analysts Forecast Growth

Several analysts have commented on F shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. TD Cowen dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. UBS Group dropped their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. 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 note on Friday, May 29th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.20.

About Ford Motor

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.