Principal Financial Group Inc. boosted its stake in Ford Motor Company (NYSE:F – Free Report) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 4,656,595 shares of the auto manufacturer’s stock after purchasing an additional 216,011 shares during the period. Principal Financial Group Inc.’s holdings in Ford Motor were worth $53,737,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC increased its holdings in shares of Ford Motor by 10.0% in the first quarter. Chicago Partners Investment Group LLC now owns 29,765 shares of the auto manufacturer’s stock valued at $376,000 after purchasing an additional 2,701 shares during the period. Del Sette Capital Management LLC acquired a new stake in shares of Ford Motor during the first quarter worth $2,647,000. International Assets Investment Management LLC grew its position in Ford Motor by 2.0% in the 1st quarter. International Assets Investment Management LLC now owns 200,117 shares of the auto manufacturer’s stock valued at $2,337,000 after buying an additional 3,834 shares during the last quarter. Associated Banc Corp purchased a new position in Ford Motor in the 1st quarter valued at $128,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Ford Motor by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 912,815 shares of the auto manufacturer’s stock valued at $10,534,000 after buying an additional 2,479 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.
Ford Motor Trading Up 0.2%
NYSE:F opened at $14.22 on Friday. Ford Motor Company has a 1 year low of $10.68 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The stock has a fifty day moving average price of $14.30 and a two-hundred day moving average price of $13.40. The stock has a market capitalization of $56.68 billion, a price-to-earnings ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s payout ratio is currently -38.71%.
Wall Street Analyst Weigh In
F has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Citigroup boosted their price target on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. UBS Group raised their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Wells Fargo & Company lifted their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $14.79.
Get Our Latest Analysis on Ford Motor
Ford Motor Company Profile
Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.
Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.
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