The Manufacturers Life Insurance Company trimmed its stake in shares of Ford Motor Company (NYSE:F – Free Report) by 20.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,488,825 shares of the auto manufacturer’s stock after selling 633,257 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ford Motor were worth $34,595,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in F. MV Capital Management Inc. bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC bought a new stake in Ford Motor during the second quarter worth approximately $31,000. Johnson Financial Group Inc. raised its holdings in 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 in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its position in 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 worth $27,000 after purchasing an additional 1,230 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on F. TD Cowen increased their price target on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Barclays boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Dbs Bank raised Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Finally, BNP Paribas Exane lifted their target price on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.68.
Ford Motor Stock Up 0.7%
F stock opened at $13.97 on Friday. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The firm has a market cap of $55.72 billion, a PE ratio of -7.47, a P/E/G ratio of 0.29 and a beta of 1.83. The firm has a 50 day simple moving average of $14.14 and a 200 day simple moving average of $13.53. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.
Ford Motor (NYSE:F – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. Equities research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders 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 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.
Ford Motor Company Profile
Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.
The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.
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