Resona Asset Management Co. Ltd. lifted its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,460,287 shares of the auto manufacturer's stock after acquiring an additional 115,182 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Ford Motor were worth $14,591,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. grew its stake in shares of Ford Motor by 37.0% in the 4th quarter. Bessemer Group Inc. now owns 37,414 shares of the auto manufacturer's stock valued at $370,000 after purchasing an additional 10,095 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at approximately $212,000. SageView Advisory Group LLC grew its stake in shares of Ford Motor by 12.1% in the 4th quarter. SageView Advisory Group LLC now owns 42,131 shares of the auto manufacturer's stock valued at $417,000 after purchasing an additional 4,547 shares during the last quarter. Belpointe Asset Management LLC grew its stake in shares of Ford Motor by 13.7% in the 4th quarter. Belpointe Asset Management LLC now owns 27,262 shares of the auto manufacturer's stock valued at $270,000 after purchasing an additional 3,292 shares during the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new position in shares of Ford Motor in the 4th quarter valued at approximately $630,000. Institutional investors and hedge funds own 58.74% of the company's stock.
Analysts Set New Price Targets
Several brokerages have weighed in on F. Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Piper Sandler lifted 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 upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Sunday, July 20th. UBS Group lifted their price target on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.53.
Read Our Latest Stock Report on Ford Motor
Insider Buying and Selling at Ford Motor
In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider directly 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 legal filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by company insiders.
Ford Motor Price Performance
F remained flat at $11.44 during trading on Friday. The company's stock had a trading volume of 46,097,211 shares, compared to its average volume of 100,251,531. The stock's 50-day moving average price is $11.10 and its 200 day moving average price is $10.29. 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 $45.53 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 3.30 and a beta of 1.48. Ford Motor Company has a one year low of $8.44 and a one year high of $11.97.
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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.
Ford Motor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's payout ratio is 76.92%.
Ford Motor Profile
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Free Report)
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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