Deseret Mutual Benefit Administrators Increases Holdings in Ford Motor (NYSE:F)

Deseret Mutual Benefit Administrators boosted its position in Ford Motor (NYSE:F) by 5.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,919 shares of the auto manufacturer’s stock after buying an additional 1,003 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Ford Motor were worth $237,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Newport Trust Company LLC grew its position in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after acquiring an additional 3,521,520 shares in the last quarter. Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter valued at $475,899,000. Dimensional Fund Advisors LP increased its position in Ford Motor by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock worth $333,014,000 after purchasing an additional 528,823 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after purchasing an additional 1,214,640 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F stock traded down $0.19 during trading on Thursday, hitting $10.76. 5,726,995 shares of the company’s stock traded hands, compared to its average volume of 54,095,133. The stock has a market capitalization of $42.96 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.81 and a beta of 1.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The stock has a fifty day moving average price of $11.77 and a two-hundred day moving average price of $12.17. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the prior year, the company earned $0.72 EPS. Ford Motor’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Analyst Ratings Changes

Several equities analysts recently commented on F shares. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Barclays cut their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada lowered their price objective on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Finally, The Goldman Sachs Group decreased their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.48.

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.