IFM Investors Pty Ltd has increased its investment in Ford Motor Company by 10.7% during the first quarter of the year, according to its latest SEC filing. The firm now holds 785,409 shares of Ford, valued at approximately $8.29 million, following the acquisition of an additional 75,809 shares.
Other institutional investors have also made significant adjustments to their positions in Ford. Vanguard Group raised its stake by 16.6% in the fourth quarter, now owning over 402 million shares, valued at about $3.98 billion. Norges Bank entered a new stake worth approximately $387 million, while Jacobs Levy Equity Management ramped up its holdings by an impressive 88%, owning over 22.5 million shares after acquiring 10.5 million shares during that same period. Voloridge Investment Management increased its holdings dramatically by over 2,900%, now owning almost 8 million shares. UBS Asset Management also saw a sizable increase in their position with a 21.7% rise in shares.
As for Ford’s market performance, shares saw an uptick of 1.3%, reaching $11.83. Trading volume was around 52 million shares, with the company’s market cap standing at $47.04 billion. Despite fluctuations, Ford maintains a P/E ratio of 9.46 and has shown resilience with a quarterly EPS of $0.14, exceeding analysts’ expectations of a loss by $0.16.
Ford recently announced a quarterly dividend of $0.15 per share, translating to an annual yield of 5.07%. This solidifies the company’s commitment to returning value to its shareholders even amid varied market conditions.
In addition, insider Andrew Frick sold 30,000 shares, indicating ongoing changes within the company’s management structure. Analysts have varied opinions on Ford’s stock; while UBS Group recently cut its price target to $9.00, others like JPMorgan Chase raised their target to $12.00, reflecting a mix of confidence and caution within the market.
Ford Motor Company continues to develop a diverse range of vehicles and remains a significant player in both the automotive and investment worlds.
Overall, the company’s shareholder confidence, reflected in the increased institutional investments and the steady dividend, showcases Ford’s potential for stability and growth amidst market volatility.