Mirae Asset Global Investments Co. Ltd. Raises Stock Holdings in Ford Motor Company (NYSE:F)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in Ford Motor Company (NYSE:F - Free Report) by 10.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,781,625 shares of the auto manufacturer's stock after purchasing an additional 365,713 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.10% of Ford Motor worth $36,757,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of F. Grove Bank & Trust raised its stake in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after buying an additional 1,882 shares in the last quarter. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor during the fourth quarter valued at approximately $30,000. Spurstone Advisory Services LLC acquired a new stake in Ford Motor during the fourth quarter valued at approximately $31,000. Wood Tarver Financial Group LLC acquired a new stake in Ford Motor during the fourth quarter valued at approximately $31,000. Finally, VSM Wealth Advisory LLC acquired a new stake in Ford Motor during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group upped their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Sanford C. Bernstein cut Ford Motor from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Barclays increased their price target on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. increased their price target on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $10.03.

Ford Motor Stock Performance

Shares of F stock opened at $10.81 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.85. The firm has a market capitalization of $42.99 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 0.92 and a beta of 1.50. The business has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $9.96. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The business had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same period in the prior year, the company posted $0.49 EPS. The business's revenue for the quarter was down 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.55%. Ford Motor's dividend payout ratio (DPR) is 48.00%.

Ford Motor Company 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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