Contravisory Investment Management Inc. Takes $6.71 Million Position in Ford Motor Company $F

Contravisory Investment Management Inc. bought a new position in shares of Ford Motor Company (NYSE:F) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 581,059 shares of the auto manufacturer’s stock, valued at approximately $6,705,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Ford Motor by 0.9% in the fourth 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. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after purchasing an additional 4,089,779 shares during the period. Geode Capital Management LLC grew its stake 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 purchasing an additional 1,255,349 shares in the last quarter. Norges Bank acquired a new position in Ford Motor during the 4th quarter worth $674,437,000. Finally, Dimensional Fund Advisors LP increased its holdings in Ford Motor by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock worth $601,687,000 after purchasing an additional 125,534 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

F stock opened at $14.14 on Friday. The business has a 50 day moving average price of $13.85 and a 200 day moving average price of $13.36. The stock has a market cap of $56.34 billion, a price-to-earnings ratio of -9.12, a PEG ratio of 0.30 and a beta of 1.79. Ford Motor Company has a fifty-two week low of $10.47 and a fifty-two week high of $17.78. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

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

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on F shares. The Goldman Sachs Group lifted their price objective on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Wells Fargo & Company upped their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 13th. Finally, Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.70.

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.