Ford Motor Company $F Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in Ford Motor Company by 3.2%, holding approximately 9 million shares valued at around $98 million.
• Ford reported $0.45 earnings per share for the quarter, exceeding analyst estimates of $0.38, with revenue increasing by 9.4% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, resulting in an annualized dividend yield of 4.3%, with a payout ratio of 76.92%.

Sumitomo Mitsui Trust Group Inc. lifted its stake in Ford Motor Company (NYSE:F - Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,055,356 shares of the auto manufacturer's stock after purchasing an additional 279,470 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Ford Motor worth $98,251,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor in the second quarter worth $25,000. Elite Financial Inc. acquired a new position in shares of Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor in the 1st quarter worth $28,000. MorganRosel Wealth Management LLC acquired a new stake in Ford Motor during the 1st quarter worth about $30,000. Finally, WPG Advisers LLC purchased a new stake in Ford Motor during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Stock Performance

Shares of NYSE F opened at $13.82 on Friday. The company has a market capitalization of $54.99 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 4.06 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The company's fifty day moving average price is $11.85 and its 200 day moving average price is $11.07. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $13.97.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 12.11%. The business had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor's dividend payout ratio is currently 76.92%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on F shares. Wells Fargo & Company raised their price objective on Ford Motor from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Friday. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a "sector perform" rating in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ford Motor in a report on Tuesday, October 14th. Dbs Bank cut shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $11.36.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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