The Manufacturers Life Insurance Company Has $34.59 Million Stock Holdings in Ford Motor Company $F

Key Points

• The Manufacturers Life Insurance Company cut its Ford stake by 20.3% in the second quarter, selling 633,257 shares and retaining 2.49 million shares worth approximately $34.6 million. Institutional investors and hedge funds collectively own 58.74% of Ford.
• Analyst sentiment remains mixed: Ford has an overall “Hold” rating and an average price target of $15.68, with recent targets ranging from $15 to $17 and UBS assigning a “Buy” rating.
• Ford beat quarterly earnings and revenue expectations, reporting adjusted EPS of $0.42 and revenue of $48.3 billion, while year-over-year revenue declined 3.8%. The company also announced a quarterly dividend of $0.15 per share, representing an annualized yield of about 4.3%.

The Manufacturers Life Insurance Company lowered its position in shares of Ford Motor Company (NYSE:F - Free Report) by 20.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,488,825 shares of the auto manufacturer's stock after selling 633,257 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Ford Motor worth $34,595,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of F. Maripau Wealth Management LLC increased its position in shares of Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer's stock valued at $538,000 after buying an additional 749 shares in the last quarter. Wayfinding Financial LLC grew its stake in Ford Motor by 5.8% in the second quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer's stock valued at $189,000 after acquiring an additional 754 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer's stock worth $144,000 after acquiring an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its position in shares of Ford Motor by 1.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer's stock worth $560,000 after purchasing an additional 761 shares during the period. Finally, Southern Financial Group LLC lifted its holdings in shares of Ford Motor by 2.3% during the 1st quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer's stock valued at $401,000 after purchasing an additional 776 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on F. TD Cowen raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a report on Wednesday, July 29th. DZ Bank upgraded Ford Motor from a "sell" rating to a "hold" rating and set a $16.00 price target on the stock in a report on Friday, July 31st. UBS Group lifted their target price on Ford Motor from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Monday, June 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Ford Motor in a report on Wednesday, June 24th. Finally, Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $15.68.

Ford Motor Stock Performance

Shares of NYSE F opened at $13.90 on Thursday. 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 company has a market capitalization of $55.43 billion, a P/E ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The stock has a 50 day moving average of $14.09 and a 200-day moving average of $13.51.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company's quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts predict that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor's payout ratio is currently -32.09%.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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