Ford Motor Company $F Stake Raised by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its holdings in shares of Ford Motor Company (NYSE:F) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,533,119 shares of the auto manufacturer’s stock after purchasing an additional 72,832 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Ford Motor were worth $16,625,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of F. Atlantic Union Bankshares Corp purchased a new stake in shares of Ford Motor during the second quarter valued at $30,000. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Ford Motor during the second quarter valued at approximately $406,000. SNS Financial Group LLC boosted its stake in Ford Motor by 7.7% in the 2nd quarter. SNS Financial Group LLC now owns 16,054 shares of the auto manufacturer’s stock worth $174,000 after purchasing an additional 1,149 shares during the period. AR Asset Management Inc. raised its stake in Ford Motor by 3.4% during the 2nd quarter. AR Asset Management Inc. now owns 107,890 shares of the auto manufacturer’s stock valued at $1,171,000 after purchasing an additional 3,500 shares during the period. Finally, Blue Barn Wealth LLC purchased a new stake in shares of Ford Motor in the second quarter valued at $222,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $13.21 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $13.97. The firm has a fifty day moving average of $12.14 and a 200-day moving average of $11.32. The firm has a market capitalization of $52.65 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be given a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Ford Motor’s payout ratio is currently 51.72%.

Analyst Ratings Changes

F has been the topic of a number of research analyst reports. Barclays lifted their price target on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Piper Sandler lifted their target price on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research note on Friday, October 24th. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Citigroup increased their price target on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and raised their price target for the stock from $9.00 to $12.00 in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $11.73.

Ford Motor 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.