Generali Asset Management SPA SGR Raises Position in Ford Motor Company $F

Key Points

• Generali Asset Management SPA SGR has increased its stake in Ford Motor Company by 47.1% during Q2, now holding 229,165 shares valued at approximately $2.49 million.
• Ford Motor reported $50.18 billion in revenue for the latest quarter, significantly surpassing analysts' expectations of $42.91 billion.
• The company announced a quarterly dividend of $0.15 per share, yielding 5.1%, and its dividend payout ratio stands at 76.92%.

Generali Asset Management SPA SGR raised its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 47.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,165 shares of the auto manufacturer's stock after purchasing an additional 73,422 shares during the period. Generali Asset Management SPA SGR's holdings in Ford Motor were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after purchasing an additional 55,576,478 shares during the period. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock valued at $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Pacer Advisors Inc. grew its stake in shares of Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after buying an additional 48,378,444 shares during the last quarter. Nuveen LLC bought a new position in shares of Ford Motor during the first quarter valued at approximately $123,147,000. Finally, Aberdeen Group plc grew its stake in shares of Ford Motor by 4.5% during the second quarter. Aberdeen Group plc now owns 7,594,345 shares of the auto manufacturer's stock valued at $81,601,000 after buying an additional 330,239 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Down 0.1%

Shares of NYSE:F opened at $11.75 on Friday. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $12.80. The stock has a market cap of $46.76 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 3.42 and a beta of 1.53. The business's 50 day moving average is $11.71 and its 200 day moving average is $10.92. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Sell-side analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor's dividend payout ratio (DPR) is 76.92%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on F shares. UBS Group upped their target price on Ford Motor from $11.00 to $12.50 and gave the company a "neutral" rating in a research note on Monday, October 6th. Wells Fargo & Company upped their target price on Ford Motor from $8.00 to $10.00 and gave the company an "underweight" rating in a research note on Friday, October 3rd. Piper Sandler upped their target price on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Finally, Jefferies Financial Group raised Ford Motor from an "underperform" rating to a "hold" rating and upped their target price for the company from $9.00 to $12.00 in a research note on Monday, October 6th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.04.

Ford Motor Profile

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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