Cornerstone Investment Partners LLC boosted its holdings in shares of Ford Motor (NYSE:F) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,985 shares of the auto manufacturer’s stock after purchasing an additional 8,875 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Ford Motor were worth $1,476,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Newport Trust Co raised its stake in Ford Motor by 1.1% during the third quarter. Newport Trust Co now owns 186,611,338 shares of the auto manufacturer’s stock valued at $1,726,155,000 after purchasing an additional 2,052,203 shares in the last quarter. Franklin Resources Inc. raised its stake in Ford Motor by 194.8% during the third quarter. Franklin Resources Inc. now owns 62,573,799 shares of the auto manufacturer’s stock valued at $578,807,000 after purchasing an additional 41,346,111 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 39,672,426 shares of the auto manufacturer’s stock valued at $366,957,000 after acquiring an additional 224,192 shares during the period. Morgan Stanley raised its stake in shares of Ford Motor by 35.0% in the second quarter. Morgan Stanley now owns 37,425,458 shares of the auto manufacturer’s stock valued at $414,298,000 after acquiring an additional 9,710,528 shares during the period. Finally, Greenhaven Associates Inc. raised its stake in shares of Ford Motor by 1.0% in the third quarter. Greenhaven Associates Inc. now owns 33,038,548 shares of the auto manufacturer’s stock valued at $305,607,000 after acquiring an additional 316,000 shares during the period. 54.05% of the stock is currently owned by institutional investors.
Shares of NYSE F traded up $0.16 during mid-day trading on Friday, reaching $8.83. The company had a trading volume of 907,392 shares, compared to its average volume of 43,053,612. The company has a current ratio of 1.21, a quick ratio of 1.08 and a debt-to-equity ratio of 2.80. The stock has a market cap of $34.65 billion, a PE ratio of 4.96, a PEG ratio of 1.27 and a beta of 0.90. Ford Motor has a 52 week low of $7.41 and a 52 week high of $13.48.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. The firm had revenue of $34.66 billion for the quarter, compared to analysts’ expectations of $32.05 billion. Ford Motor had a net margin of 3.88% and a return on equity of 15.48%. During the same period in the prior year, the business posted $0.43 earnings per share. As a group, sell-side analysts forecast that Ford Motor will post 1.35 earnings per share for the current year.
In other Ford Motor news, Director Ray T. Charley bought 4,000 shares of the company’s stock in a transaction on Monday, October 29th. The shares were bought at an average cost of $12.90 per share, for a total transaction of $51,600.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.95% of the company’s stock.
Several equities research analysts have recently weighed in on F shares. Deutsche Bank started coverage on shares of Ford Motor in a research note on Thursday, December 13th. They issued a “buy” rating on the stock. Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.00 to $12.00 in a research note on Monday, October 29th. Jefferies Financial Group reissued a “buy” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, October 5th. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research note on Wednesday. Finally, Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $14.00 to $10.00 in a research note on Friday, October 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $10.59.
Ford Motor Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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