CX Institutional lifted its position in shares of Ford Motor Company (NYSE:F – Free Report) by 679.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 716,656 shares of the auto manufacturer’s stock after buying an additional 624,683 shares during the period. CX Institutional’s holdings in Ford Motor were worth $8,643,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of F. BlackRock Inc. purchased a new position in Ford Motor in the 2nd quarter valued at approximately $4,649,131,000. State Street Corp grew its holdings in Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after purchasing an additional 1,492,186 shares during the last quarter. Bank of America Corp DE grew its holdings in Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Ford Motor in the second quarter valued at $717,218,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after buying an additional 1,585,557 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.
Key Headlines Impacting Ford Motor
Here are the key news stories impacting Ford Motor this week:
- Positive Sentiment: Ford retained its No. 3 position in U.S. vehicle sales during the third quarter, narrowly staying ahead of Hyundai. Maintaining its ranking supports Ford’s scale and brand position, although the slim margin highlights intensifying competition. Ford fends off Hyundai to retain No. 3 U.S. sales position in third quarter
- Positive Sentiment: Eased fuel-economy regulations could reduce compliance costs for automakers by an estimated $60.6 billion through 2031. Ford could benefit from lower regulatory spending and greater flexibility in vehicle development, although the article does not provide a Ford-specific savings estimate. Automakers Eye $60.6B in Savings as Fuel Economy Rules Ease
- Positive Sentiment: Ford-backed renewable-energy investment helped DTE Energy complete a 100-megawatt Michigan solar park. The project supports Ford’s decarbonization goals and may improve its long-term sustainability profile, but it is unlikely to materially affect near-term earnings. DTE Energy completes construction on Cold Creek Solar Park
Ford Motor Price Performance
Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts anticipate that Ford Motor Company will post 1.86 EPS for the current year.
Ford Motor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.0%. Ford Motor’s dividend payout ratio is presently -32.09%.
Analyst Upgrades and Downgrades
F has been the topic of several recent research reports. The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research report on Monday, September 21st. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and upped their price target for the company from $14.50 to $17.50 in a report on Monday, July 27th. Finally, Wells Fargo & Company increased 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 Thursday, June 25th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.68.
Read Our Latest Research Report on Ford Motor
Ford Motor Company Profile
Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.
Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.
Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.
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