Renaissance Technologies LLC Raises Stock Holdings in Ford Motor (NYSE:F)

Renaissance Technologies LLC boosted its position in shares of Ford Motor (NYSE:F) by 8.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 3,565,409 shares of the auto manufacturer’s stock after acquiring an additional 278,700 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of Ford Motor worth $44,710,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new position in shares of Ford Motor during the second quarter worth $25,000. Financial Synergies Wealth Advisors Inc. raised its stake in shares of Ford Motor by 1,997.9% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,938 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Ford Motor in the 2nd quarter valued at about $26,000. Fortis Group Advisors LLC lifted its holdings in shares of Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares during the period. Finally, Voisard Asset Management Group Inc. purchased a new stake in shares of Ford Motor in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Trading Up 0.8 %

Shares of Ford Motor stock opened at $10.99 on Thursday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The stock has a market cap of $43.86 billion, a P/E ratio of 11.32, a P/E/G ratio of 0.76 and a beta of 1.62. The stock’s 50 day simple moving average is $11.34 and its 200-day simple moving average is $12.06.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.46%. Ford Motor’s payout ratio is 61.86%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Wells Fargo & Company decreased their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. The Goldman Sachs Group dropped their price target on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, July 25th. Barclays decreased their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 target price on shares of Ford Motor in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.95.

Ford Motor Company 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.