Deutsche Bank AG purchased a new stake in Ford Motor Company (NYSE:F - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,249,162 shares of the auto manufacturer's stock, valued at approximately $267,563,000. Deutsche Bank AG owned 0.48% of Ford Motor as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. Perigon Wealth Management LLC bought a new stake in shares of Ford Motor in the second quarter worth $875,000. Commerzbank Aktiengesellschaft FI bought a new position in Ford Motor during the 2nd quarter worth $230,000. Trust Co. of Vermont bought a new position in Ford Motor during the 2nd quarter worth $103,000. Focused Wealth Management Inc acquired a new position in Ford Motor during the 2nd quarter worth about $209,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ford Motor during the 2nd quarter worth about $132,567,000. Institutional investors own 58.74% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. DZ Bank raised 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. JPMorgan Chase & Co. lifted their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an "equal weight" rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Citigroup upgraded shares of Ford Motor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Ford Motor presently has a consensus rating of "Hold" and an average target price of $15.68.
Get Our Latest Research Report on F
Ford Motor Stock Down 0.7%
Shares of NYSE:F opened at $13.95 on Wednesday. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The business's 50-day moving average is $14.14 and its 200-day moving average is $13.50. The company has a market capitalization of $55.63 billion, a price-to-earnings ratio of -7.46, a P/E/G ratio of 0.30 and a beta of 1.82.
Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter last year, the firm posted $0.37 earnings per share. The firm's revenue was down 3.8% on a year-over-year basis. Equities research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.
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 paid a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor's payout ratio is currently -32.09%.
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.
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