Russell Investments Group Ltd. Purchases 1,928,244 Shares of Ford Motor Company $F

Key Points

• Russell Investments increased its Ford stake by 45.5% in the third quarter, buying 1,928,244 shares to bring its holdings to 6,162,222 shares, valued at about $74.4 million.
• Ford’s latest quarterly results beat analyst estimates: adjusted earnings were $0.49 per share versus $0.41 expected, while revenue of $49.53 billion was up against expectations but declined 2% year over year.
• Ford declared a quarterly dividend of $0.15 per share, equivalent to a 5.0% annualized yield. Analysts’ consensus rating was Hold, with an average price target of $15.02.

Russell Investments Group Ltd. increased its position in Ford Motor Company (NYSE:F - Free Report) by 45.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,162,222 shares of the auto manufacturer's stock after acquiring an additional 1,928,244 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Ford Motor worth $74,406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Ford Motor during the second quarter valued at about $4,649,131,000. State Street Corp increased its stake in shares of Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer's stock worth $2,697,153,000 after purchasing an additional 1,492,186 shares during the period. Bank of America Corp DE increased its stake in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock worth $1,006,703,000 after purchasing an additional 55,100,244 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Ford Motor during the 2nd quarter worth about $717,218,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer's stock worth $547,379,000 after purchasing an additional 1,585,557 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Ford Motor Stock Performance

Shares of NYSE:F traded up $0.01 on Friday, hitting $11.90. 31,357,733 shares of the company were exchanged, compared to its average volume of 43,633,620. The company's 50 day moving average price is $12.56 and its two-hundred day moving average price is $13.30. The firm has a market capitalization of $47.54 billion, a price-to-earnings ratio of -6.04, a PEG ratio of 0.23 and a beta of 1.88. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.94 and a current ratio of 1.08. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The business had revenue of $49.53 billion during the quarter, compared to analysts' expectations of $49.08 billion. During the same quarter last year, the company earned $0.45 earnings per share. The firm's revenue was down 2.0% on a year-over-year basis. Research analysts expect that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor's dividend payout ratio is -30.46%.

Wall Street Analyst Weigh In

F has been the subject of several recent analyst reports. TD Cowen increased their target price on Ford Motor from $13.00 to $15.00 and gave the company a "hold" rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on Ford Motor from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Morgan Stanley cut their price target on Ford Motor from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, October 29th. Zacks Research cut Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Piper Sandler raised their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $15.02.

Ford Motor Profile

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.

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