Persistent Asset Partners Ltd bought a new stake in Ford Motor Company (NYSE:F – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 445,837 shares of the auto manufacturer’s stock, valued at approximately $6,197,000. Ford Motor makes up about 1.8% of Persistent Asset Partners Ltd’s investment portfolio, making the stock its 11th biggest position.
Several other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Ford Motor during the 4th quarter worth about $674,437,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $1,769,000. TD Asset Management Inc increased its position in shares of Ford Motor by 11.0% in the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after acquiring an additional 189,310 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Ford Motor by 22.4% during the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after acquiring an additional 366,218 shares in the last quarter. Finally, KBC Group NV raised its holdings in Ford Motor by 223.5% during the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer’s stock worth $25,729,000 after acquiring an additional 1,540,403 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.
Ford Motor Trading Down 0.1%
Ford Motor stock opened at $14.36 on Monday. The stock has a 50-day simple moving average of $14.18 and a 200 day simple moving average of $13.50. The stock has a market capitalization of $57.26 billion, a P/E ratio of -7.68, a PEG ratio of 0.30 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78.
Ford Motor Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on F. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Piper Sandler raised their target price on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.68.
Check Out Our Latest Research Report 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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