Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Ford Motor Company $F

Key Points

• Mirae Asset Global Investments increased its stake in Ford Motor Company by 11.0%, holding approximately 4.2 million shares worth around $45.5 million as of the latest filing.
• Ford reported a profit of $0.37 per share for the last quarter, surpassing expectations, with revenue of $50.18 billion, up 5% from the previous year.
• The automaker announced a quarterly dividend of $0.15 per share, reflecting an annual yield of 4.9% and a payout ratio of 76.92%.

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ford Motor Company (NYSE:F - Free Report) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,196,483 shares of the auto manufacturer's stock after purchasing an additional 414,858 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of Ford Motor worth $45,532,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Ford Motor by 8.5% during the 1st 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 acquiring an additional 10,947,527 shares during the period. Pacer Advisors Inc. grew its position in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after acquiring an additional 48,378,444 shares during the period. Nuveen LLC bought a new position in Ford Motor in the 1st quarter worth $123,147,000. Finally, National Pension Service raised its holdings in Ford Motor by 4.5% in the 1st quarter. National Pension Service now owns 7,544,280 shares of the auto manufacturer's stock worth $75,669,000 after purchasing an additional 324,136 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

F opened at $12.22 on Friday. The business's 50-day moving average is $11.56 and its two-hundred day moving average is $10.80. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.43. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The firm has a market capitalization of $48.61 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 3.53 and a beta of 1.53.

Ford Motor (NYSE:F - Get Free Report) last posted 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. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, August 11th. Ford Motor's payout ratio is 76.92%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on F. Piper Sandler upped their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Royal Bank Of Canada raised their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 5th. Barclays lifted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Finally, Jefferies Financial Group increased their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Ford Motor presently has an average rating of "Reduce" and an average target price of $10.57.

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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