Danske Bank A S Cuts Holdings in Ford Motor Company $F

Key Points

• Danske Bank reduced its Ford position by 5.4% in the second quarter, selling 131,400 shares and retaining 2.30 million shares valued at approximately $31.9 million. Institutional investors and hedge funds collectively own 58.74% of Ford.
• Ford reported quarterly earnings of $0.42 per share, exceeding analyst estimates of $0.33, while revenue reached $48.3 billion but declined 3.8% year over year.
• Ford declared a quarterly dividend of $0.15 per share, equivalent to a 4.1% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $15.68, compared with the stock’s $14.48 opening price.

Danske Bank A S lowered its position in Ford Motor Company (NYSE:F - Free Report) by 5.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,296,747 shares of the auto manufacturer's stock after selling 131,400 shares during the period. Danske Bank A S owned about 0.06% of Ford Motor worth $31,925,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Ford Motor in the 4th quarter valued at $674,437,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Ford Motor during the fourth quarter worth $1,769,000. TD Asset Management Inc lifted its holdings in Ford Motor by 11.0% during the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer's stock valued at $25,036,000 after purchasing an additional 189,310 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Ford Motor by 22.4% during the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer's stock valued at $23,095,000 after purchasing an additional 366,218 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Ford Motor by 223.5% in the first quarter. KBC Group NV now owns 2,229,629 shares of the auto manufacturer's stock valued at $25,729,000 after purchasing an additional 1,540,403 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE F opened at $14.48 on Thursday. The firm has a 50-day simple moving average of $14.14 and a 200-day simple moving average of $13.50. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $57.76 billion, a price-to-earnings ratio of -7.75, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78.

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 for the quarter, topping 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 analyst estimates of $47.24 billion. During the same period in the previous year, the business posted $0.37 earnings per share. Ford Motor's quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is -32.09%.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research reports. Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ford Motor in a research note on Wednesday, June 24th. Morgan Stanley reiterated an "equal weight" rating and issued a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Jefferies Financial Group raised Ford Motor from a "hold" rating to a "buy" rating and increased their target price for the company from $14.50 to $17.50 in a report on Monday, July 27th. Finally, BNP Paribas Exane raised their target price on Ford Motor from $14.00 to $14.50 and gave the company a "neutral" rating in a research report on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $15.68.

About Ford Motor

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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