State Street Corp Acquires 1,492,186 Shares of Ford Motor Company $F

Key Points

• State Street increased its Ford stake by 0.8% in the second quarter, purchasing 1.49 million additional shares to hold approximately 194.04 million shares, or 4.87% of the company. Institutional investors collectively own 58.74% of Ford.
• Analyst sentiment remains mixed, with eight Buy, ten Hold, and one Sell rating. Ford has a consensus rating of Hold and an average price target of $15.68.
• Ford beat quarterly expectations with earnings of $0.42 per share versus $0.33 expected and revenue of $48.30 billion, while maintaining a quarterly dividend of $0.15 per share, representing a 4.6% annualized yield.

State Street Corp grew its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,039,770 shares of the auto manufacturer's stock after purchasing an additional 1,492,186 shares during the quarter. State Street Corp owned approximately 4.87% of Ford Motor worth $2,697,153,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in F. Wellington Altus USA Inc. purchased a new position in Ford Motor in the second quarter valued at approximately $125,000. Junto Capital Management LP bought a new stake in shares of Ford Motor in the second quarter valued at $33,406,000. Miramontes Capital LLC lifted its position in shares of Ford Motor by 101.1% during the 2nd quarter. Miramontes Capital LLC now owns 23,864 shares of the auto manufacturer's stock valued at $332,000 after buying an additional 12,000 shares during the last quarter. MCF Advisors LLC lifted its position in shares of Ford Motor by 3.8% during the 2nd quarter. MCF Advisors LLC now owns 23,168 shares of the auto manufacturer's stock valued at $322,000 after buying an additional 845 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Ford Motor by 2.7% during the 2nd quarter. National Pension Service now owns 9,949,526 shares of the auto manufacturer's stock worth $138,298,000 after acquiring an additional 266,044 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Ford Motor from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, June 11th. DZ Bank upgraded shares of Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 target price for the company in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Ford Motor from a "hold" rating to a "buy" rating and lifted their target price for the stock from $14.50 to $17.50 in a research note on Monday, July 27th. Piper Sandler boosted their price target on shares of Ford Motor from $16.00 to $17.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Ford Motor in a research note on Wednesday, June 24th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $15.68.

Ford Motor Price Performance

Shares of NYSE:F opened at $13.10 on Wednesday. The company has a 50 day moving average of $14.09 and a 200 day moving average of $13.51. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock has a market cap of $52.22 billion, a P/E ratio of -7.00, a P/E/G ratio of 0.27 and a beta of 1.83. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. As a group, sell-side analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, August 11th. Ford Motor's payout ratio is presently -32.09%.

Ford Motor Profile

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.

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