PDT Partners LLC Acquires Shares of 99,506 Ford Motor Company $F

PDT Partners LLC bought a new stake in shares of Ford Motor Company (NYSE:F) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 99,506 shares of the auto manufacturer’s stock, valued at approximately $1,383,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in shares of Ford Motor during the fourth quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of Ford Motor in the fourth quarter worth about $1,769,000. TD Asset Management Inc boosted its position in Ford Motor by 11.0% during the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after acquiring an additional 189,310 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Ford Motor by 22.4% during the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after acquiring an additional 366,218 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in Ford Motor during the 2nd quarter valued at about $11,492,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on F. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.50 to $17.50 in a research report on Monday, July 27th. Royal Bank Of Canada increased their price target on Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 29th. Citigroup upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price target for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Barclays increased their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Finally, DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Friday, July 31st. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Down 0.4%

Ford Motor stock opened at $13.90 on Thursday. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The firm has a market capitalization of $55.43 billion, a price-to-earnings ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The stock’s fifty day moving average is $14.09 and its two-hundred day moving average is $13.51. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 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 analysts’ expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. Analysts predict 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. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Ford Motor 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.