Securian Asset Management Inc. Decreases Stake in Ford Motor Company $F

Securian Asset Management Inc. lowered its position in Ford Motor Company (NYSE:F) by 1.0% in the second quarter, Holdings Channel reports. The fund owned 204,201 shares of the auto manufacturer’s stock after selling 1,997 shares during the period. Securian Asset Management Inc.’s holdings in Ford Motor were worth $2,216,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Wedmont Private Capital lifted its stake in Ford Motor by 3.0% in the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 934 shares during the last quarter. Hemington Wealth Management lifted its stake in Ford Motor by 30.9% in the second quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock worth $43,000 after acquiring an additional 947 shares during the last quarter. Meriwether Wealth & Planning LLC lifted its stake in Ford Motor by 6.9% in the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after acquiring an additional 985 shares during the last quarter. Atlas Capital Advisors Inc. lifted its stake in Ford Motor by 21.2% in the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after acquiring an additional 989 shares during the last quarter. Finally, City Holding Co. lifted its stake in Ford Motor by 47.8% in the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of F opened at $12.44 on Thursday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The stock has a market capitalization of $49.49 billion, a P/E ratio of 15.94, a P/E/G ratio of 3.69 and a beta of 1.53. The company’s fifty day moving average is $11.79 and its two-hundred day moving average is $10.99. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.80.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. Ford Motor’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is currently 76.92%.

Analyst Ratings Changes

A number of brokerages recently issued reports on F. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. Barclays boosted their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company boosted their price objective on shares of Ford Motor from $8.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, October 3rd. Piper Sandler boosted their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.11.

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.