Norinchukin Bank The increased its position in Ford Motor (NYSE:F) by 4.1% in the 4th quarter, HoldingsChannel reports. The fund owned 513,506 shares of the auto manufacturer’s stock after buying an additional 20,102 shares during the quarter. Norinchukin Bank The’s holdings in Ford Motor were worth $6,414,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Ford Motor by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 39,609,473 shares of the auto manufacturer’s stock worth $474,123,000 after acquiring an additional 410,123 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Ford Motor by 7.2% in the 4th quarter. Bank of New York Mellon Corp now owns 38,411,102 shares of the auto manufacturer’s stock worth $479,755,000 after acquiring an additional 2,594,016 shares in the last quarter. Pzena Investment Management LLC increased its holdings in Ford Motor by 6.7% in the 3rd quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock worth $304,155,000 after acquiring an additional 1,597,098 shares in the last quarter. LSV Asset Management increased its holdings in Ford Motor by 1.6% in the 4th quarter. LSV Asset Management now owns 23,496,850 shares of the auto manufacturer’s stock worth $293,475,000 after acquiring an additional 364,500 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Ford Motor by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 23,042,330 shares of the auto manufacturer’s stock worth $275,821,000 after acquiring an additional 843,432 shares in the last quarter. 54.94% of the stock is owned by institutional investors.
In related news, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $12.50, for a total value of $237,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Lechleiter purchased 5,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average price of $10.28 per share, with a total value of $51,400.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at $308,400. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by corporate insiders.
A number of brokerages have issued reports on F. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, December 26th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price objective for the company in a report on Friday, January 26th. Royal Bank of Canada reaffirmed a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, December 20th. Finally, ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $12.54.
Ford Motor (F) opened at $10.61 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. The company has a market capitalization of $42,160.00, a P/E ratio of 5.58, a PEG ratio of 0.64 and a beta of 1.14. Ford Motor has a 52-week low of $10.19 and a 52-week high of $13.48.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The firm had revenue of $38.50 billion for the quarter, compared to the consensus estimate of $36.96 billion. Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. sell-side analysts predict that Ford Motor will post 1.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be given a $0.15 dividend. The ex-dividend date is Monday, January 29th. This represents a $0.60 dividend on an annualized basis and a yield of 5.66%. Ford Motor’s dividend payout ratio is presently 31.58%.
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Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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