Ford Motor Company $F Stock Holdings Lessened by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its Ford stake by 20.3% in the second quarter, selling 633,257 shares and retaining 2.49 million shares worth approximately $34.6 million. Institutional investors collectively own 58.74% of Ford.
• Analyst sentiment is mixed but improving: Ford has an overall “Hold” rating, with an average price target of $15.68, while several firms recently upgraded the stock or raised their targets to between $17 and $20.
• Ford exceeded quarterly expectations with adjusted earnings of $0.42 per share and revenue of $48.3 billion, though revenue declined 3.8% year over year. The company also maintains a quarterly dividend of $0.15 per share, equating to a 4.3% annualized yield.

The Manufacturers Life Insurance Company cut its holdings in Ford Motor Company (NYSE:F - Free Report) by 20.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,488,825 shares of the auto manufacturer's stock after selling 633,257 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Ford Motor worth $34,595,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of F. BlackRock Inc. bought a new position in Ford Motor in the second quarter worth about $4,649,131,000. Charles Schwab Investment Management Inc. boosted its stake in Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer's stock valued at $1,994,464,000 after acquiring an additional 4,089,779 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer's stock valued at $1,394,697,000 after purchasing an additional 1,255,349 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Ford Motor by 1,439.1% during the 2nd quarter. California State Teachers Retirement System now owns 83,893,103 shares of the auto manufacturer's stock worth $1,166,114,000 after purchasing an additional 78,442,394 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares during the period. Institutional investors own 58.74% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on F shares. Piper Sandler raised their price target on Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Wall Street Zen downgraded Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Jefferies Financial Group raised Ford Motor from a "hold" rating to a "buy" rating and increased their target price for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. JPMorgan Chase & Co. raised their target price on Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Finally, Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and boosted their price target for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $15.68.

Ford Motor Stock Performance

F opened at $13.97 on Friday. The business's 50 day moving average is $14.14 and its 200-day moving average is $13.53. The stock has a market cap of $55.72 billion, a PE ratio of -7.47, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (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 the consensus estimate of $47.24 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business's revenue was down 3.8% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

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

Ford Motor Company 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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