GAMMA Investing LLC Buys 23,817 Shares of Ford Motor (NYSE:F)

GAMMA Investing LLC raised its stake in Ford Motor (NYSE:F) by 180.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,044 shares of the auto manufacturer’s stock after acquiring an additional 23,817 shares during the period. GAMMA Investing LLC’s holdings in Ford Motor were worth $465,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Newport Trust Company LLC raised its position in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after purchasing an additional 269,887 shares during the period. Fisher Asset Management LLC raised its stake in shares of Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after buying an additional 3,522,965 shares during the last quarter. Norges Bank bought a new position in Ford Motor in the fourth quarter valued at approximately $475,899,000. Finally, Dimensional Fund Advisors LP grew its holdings in Ford Motor by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock worth $333,014,000 after acquiring an additional 528,823 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.80% of the company’s stock.

Ford Motor Stock Performance

NYSE:F traded down $0.66 during mid-day trading on Friday, hitting $10.03. The stock had a trading volume of 110,703,005 shares, compared to its average volume of 73,132,552. Ford Motor has a twelve month low of $9.63 and a twelve month high of $14.85. The stock has a market cap of $39.87 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 0.75 and a beta of 1.62. The company’s 50 day simple moving average is $12.40 and its 200 day simple moving average is $12.39. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the firm posted $0.72 EPS. The business’s quarterly revenue was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.98%. The ex-dividend date is Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Barclays dropped their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, July 25th. The Goldman Sachs Group lowered their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. Finally, Citigroup lifted their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.75.

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.