Sumitomo Mitsui Trust Group Inc. Grows Stake in Ford Motor Company $F

Sumitomo Mitsui Trust Group Inc. boosted its stake in Ford Motor Company (NYSE:F) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,055,356 shares of the auto manufacturer’s stock after buying an additional 279,470 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ford Motor were worth $98,251,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Advisors Capital Management LLC increased its holdings in shares of Ford Motor by 9.6% in the first quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 1,100 shares during the last quarter. FORA Capital LLC purchased a new stake in Ford Motor in the 1st quarter valued at $7,398,000. Generali Investments CEE investicni spolecnost a.s. increased its stake in shares of Ford Motor by 25.0% in the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock worth $3,009,000 after acquiring an additional 60,000 shares during the last quarter. Teza Capital Management LLC purchased a new position in shares of Ford Motor during the 1st quarter worth $465,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of Ford Motor during the 1st quarter valued at about $2,373,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler lifted their target price on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday. Barclays upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Jefferies Financial Group raised shares of Ford Motor from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $9.00 to $12.00 in a research report on Monday, October 6th. Finally, The Goldman Sachs Group boosted their target price on Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.36.

Ford Motor Price Performance

Ford Motor stock opened at $13.82 on Friday. The stock has a market cap of $54.99 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 4.06 and a beta of 1.53. The company has a fifty day simple moving average of $11.85 and a 200-day simple moving average of $11.07. 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 $13.97.

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 analysts’ consensus estimates of $0.38 by $0.07. The company had revenue of $50.53 billion for the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 12.11% and a net margin of 2.48%.Ford Motor’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. Equities analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s dividend payout ratio is 76.92%.

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.