Sumitomo Mitsui DS Asset Management Company Ltd Acquires 49,844 Shares of Ford Motor (NYSE:F)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Ford Motor (NYSE:F - Free Report) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 455,671 shares of the auto manufacturer's stock after purchasing an additional 49,844 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Ford Motor were worth $4,511,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. raised its position in shares of Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock worth $15,998,000 after buying an additional 336,720 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock worth $46,408,000 after buying an additional 160,409 shares in the last quarter. Worldquant Millennium Advisors LLC bought a new stake in shares of Ford Motor during the 3rd quarter worth about $55,456,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor during the 4th quarter worth about $10,853,000. Finally, ING Groep NV raised its position in shares of Ford Motor by 93.4% during the 3rd quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer's stock worth $12,473,000 after buying an additional 570,293 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on F. Wells Fargo & Company dropped their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group downgraded shares of Ford Motor from a "hold" rating to an "underperform" rating and dropped their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Wolfe Research reiterated an "underperform" rating on shares of Ford Motor in a report on Thursday, December 5th. Bank of America dropped their target price on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating on the stock in a report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $11.89.

Ford Motor Trading Up 0.3 %

Shares of F stock traded up $0.03 during trading hours on Wednesday, reaching $9.24. 67,247,542 shares of the stock traded hands, compared to its average volume of 79,034,977. The business has a fifty day moving average price of $10.00 and a 200 day moving average price of $10.50. Ford Motor has a 1-year low of $9.10 and a 1-year high of $14.85. The firm has a market capitalization of $36.72 billion, a PE ratio of 6.33, a PEG ratio of 1.80 and a beta of 1.63. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities research analysts forecast that Ford Motor will post 1.7 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date is Tuesday, February 18th. Ford Motor's payout ratio is presently 41.10%.

About Ford Motor

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.