Bank of America Corp DE Increases Stock Position in Ford Motor Company $F

Key Points

• Bank of America significantly increased its Ford stake by 318% in the second quarter, purchasing 55.1 million additional shares to hold 72.4 million shares valued at approximately $1.01 billion, or 1.82% of Ford.
• Ford reported quarterly EPS of $0.42, exceeding the $0.33 analyst consensus, while revenue of $48.3 billion also topped estimates but declined 3.8% year over year.
• Ford declared a quarterly dividend of $0.15 per share, equating to a 4.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.68, compared with shares trading near $13.88.

Bank of America Corp DE lifted its holdings in Ford Motor Company (NYSE:F - Free Report) by 318.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,424,686 shares of the auto manufacturer's stock after buying an additional 55,100,244 shares during the quarter. Bank of America Corp DE owned approximately 1.82% of Ford Motor worth $1,006,703,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $25,000. Legacy Wealth Managment LLC ID grew its stake in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock worth $27,000 after buying an additional 1,230 shares during the last quarter. Caldwell Trust Co grew its stake in shares of Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after buying an additional 2,175 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Ford Motor by 343.3% during the 1st quarter. SJS Investment Consulting Inc. now owns 2,633 shares of the auto manufacturer's stock valued at $30,000 after buying an additional 2,039 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Ford Motor during the 2nd quarter valued at approximately $31,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of NYSE:F opened at $13.88 on Tuesday. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The firm has a market cap of $55.33 billion, a price-to-earnings ratio of -7.42, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. The business has a 50-day simple moving average of $14.14 and a two-hundred day simple moving average of $13.53. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly 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 firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same quarter last year, the firm posted $0.37 EPS. The business's quarterly revenue was down 3.8% compared to the same quarter last year. On average, analysts expect that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor's dividend payout ratio is presently -32.09%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. UBS Group lifted their price target on Ford Motor from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Monday, June 8th. Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and upped their price target for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Finally, Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.68.

Ford Motor 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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