Danske Bank A S reduced its stake in Ford Motor Company (NYSE:F – Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,296,747 shares of the auto manufacturer’s stock after selling 131,400 shares during the quarter. Danske Bank A S’s holdings in Ford Motor were worth $31,925,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. purchased a new position in shares of Ford Motor during the 4th quarter worth $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares during the period. Johnson Financial Group Inc. grew its holdings in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the period. Finally, Caldwell Trust Co increased its position in Ford Motor by 605.8% during the first 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 during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.
Ford Motor Stock Up 4.0%
Shares of F opened at $14.48 on Thursday. The firm has a market cap of $57.76 billion, a P/E ratio of -7.75, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The company’s 50-day moving average price is $14.14 and its 200 day moving average price is $13.50. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.
Analysts Set New Price Targets
A number of equities analysts have commented on F shares. Wells Fargo & Company lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. DZ Bank raised shares of 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. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, TD Cowen upped their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $15.68.
Read Our Latest 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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