Royal London Asset Management Ltd. Has $60.41 Million Stock Position in Ford Motor Company $F

Royal London Asset Management Ltd. reduced its position in Ford Motor Company (NYSE:F) by 1.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,346,123 shares of the auto manufacturer’s stock after selling 53,434 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Ford Motor were worth $60,411,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in F. Caxton Associates LLP acquired a new stake in shares of Ford Motor in the first quarter worth $304,000. Empowered Funds LLC raised its position in Ford Motor by 41.6% during the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares during the period. Jump Financial LLC purchased a new stake in Ford Motor in the 2nd quarter worth about $172,000. NewEdge Advisors LLC lifted its stake in Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after acquiring an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after acquiring an additional 26,526 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

NYSE F opened at $13.89 on Friday. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The stock’s 50-day moving average is $14.09 and its two-hundred day moving average is $13.52. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market cap of $55.39 billion, a P/E ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 EPS. On average, analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.15 per share. 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 dividend payout ratio is presently -32.09%.

Wall Street Analyst Weigh In

F has been the topic of a number of research reports. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Barclays raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research note on Friday, July 31st. Royal Bank Of Canada increased their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $15.68.

About Ford Motor

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.