Norinchukin Bank The Increases Stake in Ford Motor Company $F

Key Points

• Norinchukin Bank increased its stake in Ford Motor Company by 14.4% in Q1, owning 194,197 shares valued at around $1.95 million.
• Ford Motor's shares opened at $11.7230 with a market cap of $46.66 billion and reported earnings per share of $0.37 for the last quarter, exceeding estimates.
• The company announced a quarterly dividend of $0.15 per share, reflecting an annualized yield of 5.1%, with a payout ratio of 76.92%.

Norinchukin Bank The lifted its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 14.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,197 shares of the auto manufacturer's stock after buying an additional 24,389 shares during the period. Norinchukin Bank The's holdings in Ford Motor were worth $1,948,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of F. MGO One Seven LLC boosted its stake in shares of Ford Motor by 4.5% during the 4th quarter. MGO One Seven LLC now owns 47,308 shares of the auto manufacturer's stock worth $468,000 after buying an additional 2,039 shares during the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of Ford Motor by 16.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 16,831 shares of the auto manufacturer's stock valued at $167,000 after purchasing an additional 2,325 shares during the period. Nebula Research & Development LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at about $415,000. Bolthouse Investments LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at about $101,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Ford Motor in the 4th quarter valued at about $331,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Up 3.5%

F traded up $0.3930 during midday trading on Friday, hitting $11.7230. The company had a trading volume of 58,490,999 shares, compared to its average volume of 61,253,772. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.97. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $46.66 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 3.36 and a beta of 1.48. The stock's 50 day moving average price is $11.22 and its 200 day moving average price is $10.35.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping 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 net margin of 1.70% and a return on equity of 12.46%. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor's payout ratio is 76.92%.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

F has been the topic of a number of research analyst reports. Piper Sandler upped their target price on shares of Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. UBS Group raised their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. The Goldman Sachs Group raised their price target on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Finally, Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $10.53.

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.