AQR Capital Management LLC Buys 2,497,695 Shares of Ford Motor (NYSE:F)

AQR Capital Management LLC grew its stake in Ford Motor (NYSE:F) by 103.6% during the second quarter, Holdings Channel reports. The firm owned 4,908,726 shares of the auto manufacturer’s stock after purchasing an additional 2,497,695 shares during the period. AQR Capital Management LLC’s holdings in Ford Motor were worth $60,844,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Pinnacle Associates Ltd. grew its position in Ford Motor by 2.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after purchasing an additional 817 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after acquiring an additional 836 shares during the last quarter. Insight Wealth Partners LLC lifted its holdings in Ford Motor by 1.9% during the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after acquiring an additional 843 shares during the period. Pallas Capital Advisors LLC grew its stake in Ford Motor by 2.9% in the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 846 shares during the period. Finally, RB Capital Management LLC increased its position in shares of Ford Motor by 2.9% during the 1st quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock valued at $403,000 after purchasing an additional 857 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on F. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $16.00 to $12.00 in a report on Wednesday. The Goldman Sachs Group reduced their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Barclays decreased their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $12.64.

Ford Motor Trading Up 0.8 %

Shares of F opened at $10.77 on Friday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The stock has a market cap of $43.00 billion, a PE ratio of 11.10, a P/E/G ratio of 0.79 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business’s 50-day moving average price is $10.93 and its 200-day moving average price is $11.99.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period last year, the company posted $0.72 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio is 61.86%.

Ford Motor 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.