Nuveen Asset Management LLC increased its position in shares of Ford Motor (NYSE:F) by 6,936.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,628,550 shares of the auto manufacturer’s stock after acquiring an additional 25,264,307 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.64% of Ford Motor worth $262,181,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in F. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 301,331,027 shares of the auto manufacturer’s stock valued at $3,082,617,000 after acquiring an additional 3,946,570 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Ford Motor by 2.8% during the 2nd quarter. Northern Trust Corp now owns 43,617,641 shares of the auto manufacturer’s stock valued at $446,209,000 after acquiring an additional 1,205,035 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ford Motor by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 32,964,458 shares of the auto manufacturer’s stock valued at $337,227,000 after acquiring an additional 348,271 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Ford Motor by 19.7% during the 2nd quarter. Invesco Ltd. now owns 30,504,964 shares of the auto manufacturer’s stock valued at $312,066,000 after acquiring an additional 5,021,901 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Ford Motor by 12.9% during the 2nd quarter. LSV Asset Management now owns 27,852,963 shares of the auto manufacturer’s stock valued at $284,935,000 after acquiring an additional 3,176,786 shares in the last quarter. Hedge funds and other institutional investors own 53.79% of the company’s stock.
Several equities analysts recently weighed in on the stock. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a report on Friday, July 26th. Bank of America lowered shares of Ford Motor to a “buy” rating and set a $13.00 target price on the stock. in a report on Tuesday, September 10th. Royal Bank of Canada restated a “neutral” rating and set a $10.50 target price on shares of Ford Motor in a report on Thursday, July 25th. Credit Suisse Group lowered shares of Ford Motor to an “outperform” rating and set a $12.00 target price on the stock. in a report on Wednesday, September 11th. Finally, Morgan Stanley set a $12.00 target price on shares of Ford Motor and gave the company a “buy” rating in a report on Wednesday, September 18th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.33.
Ford Motor stock traded up $0.04 during midday trading on Wednesday, hitting $9.16. 3,523,846 shares of the stock were exchanged, compared to its average volume of 32,434,746. Ford Motor has a 1 year low of $7.41 and a 1 year high of $10.56. The firm has a market cap of $36.45 billion, a P/E ratio of 7.04, a P/E/G ratio of 0.98 and a beta of 1.14. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.20 and a quick ratio of 1.08. The company has a 50 day moving average price of $9.19 and a two-hundred day moving average price of $9.56.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The firm had revenue of $35.91 billion for the quarter, compared to the consensus estimate of $35.21 billion. During the same quarter in the previous year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. As a group, analysts predict that Ford Motor will post 1.29 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, July 23rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.55%. The ex-dividend date of this dividend was Monday, July 22nd. Ford Motor’s dividend payout ratio (DPR) is 46.15%.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.
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