Ford Motor Company $F Stake Lifted by Bank of Nova Scotia

Key Points

• Bank of Nova Scotia increased its Ford stake by 337.4% in the second quarter, acquiring 2.03 million additional shares for a total holding valued at approximately $36.6 million. Institutional investors and hedge funds collectively own 58.74% of Ford.
• Ford reported quarterly earnings of $0.42 per share, beating estimates of $0.33, while revenue reached $48.3 billion but declined 3.8% year over year. The stock opened at $14.44, within its 12-month range of $11.11 to $17.78.
• Ford declared a quarterly dividend of $0.15 per share, equivalent to an annualized yield of 4.2%. Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $15.68.

Bank of Nova Scotia raised its position in shares of Ford Motor Company (NYSE:F - Free Report) by 337.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,633,643 shares of the auto manufacturer's stock after purchasing an additional 2,031,576 shares during the quarter. Bank of Nova Scotia owned about 0.07% of Ford Motor worth $36,608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in F. Kendall Capital Management increased its stake in Ford Motor by 30.4% in the 2nd quarter. Kendall Capital Management now owns 139,258 shares of the auto manufacturer's stock worth $1,936,000 after purchasing an additional 32,453 shares in the last quarter. Compass Financial Management LLC acquired a new position in shares of Ford Motor in the 2nd quarter valued at about $219,000. Elevation Point Wealth Partners LLC increased its holdings in shares of Ford Motor by 43.7% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 193,856 shares of the auto manufacturer's stock valued at $2,695,000 after purchasing an additional 58,982 shares during the period. Daiichi Life Insurance Co. Ltd. boosted its holdings in shares of Ford Motor by 46.3% during the second quarter. Daiichi Life Insurance Co. Ltd. now owns 142,263 shares of the auto manufacturer's stock worth $1,977,000 after purchasing an additional 45,000 shares during the period. Finally, Commerce Bank grew its position in Ford Motor by 2.4% during the second quarter. Commerce Bank now owns 78,068 shares of the auto manufacturer's stock valued at $1,085,000 after purchasing an additional 1,817 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Ford Motor stock opened at $14.44 on Monday. The business's 50-day simple moving average is $14.12 and its 200 day simple moving average is $13.51. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78. The stock has a market cap of $57.58 billion, a price-to-earnings ratio of -7.72, a P/E/G ratio of 0.30 and a beta of 1.82.

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

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor's dividend payout ratio is presently -32.09%.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. Dbs Bank upgraded shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada boosted their target price 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. The Goldman Sachs Group lifted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, June 11th. Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and lifted their price target for the company from $19.00 to $20.00 in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of "Hold" and a consensus target price of $15.68.

Ford Motor Company Profile

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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