DekaBank Deutsche Girozentrale Cuts Stock Position in Ford Motor Company $F

DekaBank Deutsche Girozentrale lessened its stake in Ford Motor Company (NYSE:F) by 2.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 975,625 shares of the auto manufacturer’s stock after selling 20,086 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Ford Motor were worth $10,399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after purchasing an additional 55,576,478 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after buying an additional 10,947,527 shares in the last quarter. Pacer Advisors Inc. increased its stake in Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after buying an additional 48,378,444 shares in the last quarter. Nuveen LLC purchased a new stake in Ford Motor during the 1st quarter worth approximately $123,147,000. Finally, Aberdeen Group plc increased its stake in Ford Motor by 4.5% during the 2nd quarter. Aberdeen Group plc now owns 7,594,345 shares of the auto manufacturer’s stock worth $81,601,000 after buying an additional 330,239 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. UBS Group boosted their price target on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Royal Bank Of Canada upped their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 5th. Piper Sandler upped their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $11.11.

Ford Motor Trading Down 1.0%

Shares of F opened at $12.31 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.80. The firm has a 50-day moving average price of $11.80 and a 200 day moving average price of $11.01. The firm has a market capitalization of $48.99 billion, a P/E ratio of 15.78, a P/E/G ratio of 3.65 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The business had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio is presently 76.92%.

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.