Deutsche Bank AG bought a new stake in Ford Motor Company (NYSE:F – Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 19,249,162 shares of the auto manufacturer’s stock, valued at approximately $267,563,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MV Capital Management Inc. acquired a new stake in Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID raised its position in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. Finally, Caldwell Trust Co lifted its holdings in shares of Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 2,175 shares in the last quarter. 58.74% of the stock is owned by institutional investors.
Ford Motor Stock Down 0.7%
Shares of NYSE:F opened at $13.95 on Wednesday. The stock has a market cap of $55.63 billion, a price-to-earnings ratio of -7.46, a PEG ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The business’s 50 day moving average is $14.14 and its 200 day moving average is $13.50.
Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is presently -32.09%.
Analysts Set New Price Targets
Several research firms recently issued reports on F. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a report on Friday, July 31st. BNP Paribas Exane raised their price objective on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a research note on Thursday, July 30th. The Goldman Sachs Group lifted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Finally, Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.68.
Get Our Latest Stock Analysis on F
About Ford Motor
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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