Resona Asset Management Co. Ltd. Trims Stake in Ford Motor Company $F

Resona Asset Management Co. Ltd. reduced its stake in Ford Motor Company (NYSE:FFree Report) by 6.9% during the first quarter, Holdings Channel.com reports. The firm owned 1,259,552 shares of the auto manufacturer’s stock after selling 93,478 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Ford Motor were worth $14,463,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank purchased a new position in Ford Motor in the 4th quarter worth approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new position in Ford Motor in the 4th quarter worth approximately $1,769,000. TD Asset Management Inc grew its holdings in Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after buying an additional 189,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock valued at $57,008,000 after buying an additional 103,423 shares in the last quarter. Finally, World Investment Advisors raised its position in shares of Ford Motor by 222.5% during the fourth quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock valued at $1,644,000 after buying an additional 86,445 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of NYSE F traded up $0.39 during midday trading on Friday, reaching $13.99. 47,055,402 shares of the stock traded hands, compared to its average volume of 47,879,128. The company’s 50 day moving average is $14.10 and its 200 day moving average is $13.38. Ford Motor Company has a one year low of $10.68 and a one year high of $17.78. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The stock has a market capitalization of $55.77 billion, a PE ratio of -9.03, a P/E/G ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:FGet Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share. On average, equities research analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s payout ratio is -38.71%.

Wall Street Analyst Weigh In

F has been the subject of a number of research reports. UBS Group upped their target price on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Barclays lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Thursday. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Bank of America raised their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $14.77.

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Ford Motor Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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