Ford Motor (NYSE:F) Shares Acquired by Westpac Banking Corp

Westpac Banking Corp lifted its stake in shares of Ford Motor (NYSE:F) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,199,220 shares of the auto manufacturer’s stock after buying an additional 67,817 shares during the quarter. Westpac Banking Corp’s holdings in Ford Motor were worth $12,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Ford Motor by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock valued at $399,887,000 after buying an additional 3,950,938 shares in the last quarter. FMR LLC raised its position in shares of Ford Motor by 12.7% during the fourth quarter. FMR LLC now owns 1,365,205 shares of the auto manufacturer’s stock worth $10,445,000 after acquiring an additional 154,170 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Ford Motor by 0.6% during the first quarter. Louisiana State Employees Retirement System now owns 206,300 shares of the auto manufacturer’s stock worth $1,811,000 after acquiring an additional 1,300 shares during the last quarter. Retirement Systems of Alabama grew its stake in Ford Motor by 0.8% during the first quarter. Retirement Systems of Alabama now owns 1,819,600 shares of the auto manufacturer’s stock worth $15,976,000 after purchasing an additional 14,216 shares during the period. Finally, WP Advisors LLC acquired a new stake in Ford Motor during the first quarter worth approximately $32,000. 52.11% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on F. BMO Capital Markets raised their price objective on Ford Motor from $8.50 to $10.00 and gave the company a “market perform” rating in a research note on Monday, May 6th. Jefferies Financial Group upgraded Ford Motor to a “buy” rating and lifted their price target for the stock from $11.00 to $12.50 in a report on Tuesday, April 30th. Credit Suisse Group started coverage on Ford Motor in a research note on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 target price on the stock. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, April 30th. Finally, Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the company a “buy” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.48.

In other news, CEO James P. Hackett sold 20,000 shares of the business’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $9.61, for a total transaction of $192,200.00. Following the sale, the chief executive officer now directly owns 214,575 shares of the company’s stock, valued at $2,062,065.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kiersten Robinson sold 15,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $10.50, for a total transaction of $157,500.00. Following the sale, the insider now directly owns 51,027 shares in the company, valued at $535,783.50. The disclosure for this sale can be found here. In the last three months, insiders purchased 861,162 shares of company stock valued at $8,193,611 and sold 115,000 shares valued at $1,137,650. Insiders own 0.83% of the company’s stock.

Shares of Ford Motor stock traded down $0.27 during trading on Wednesday, reaching $9.02. 12,492,198 shares of the stock traded hands, compared to its average volume of 40,565,480. The firm has a market cap of $36.95 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. The firm’s fifty day moving average price is $9.90. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.20 and a quick ratio of 1.08. Ford Motor has a 52-week low of $7.41 and a 52-week high of $10.56.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $35.91 billion during the quarter, compared to analyst estimates of $35.21 billion. Ford Motor had a return on equity of 14.92% and a net margin of 1.37%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. On average, sell-side analysts predict that Ford Motor will post 1.29 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.65%. The ex-dividend date of this dividend is Monday, July 22nd. Ford Motor’s dividend payout ratio (DPR) is 46.15%.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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