Ford Motor Company $F Stock Holdings Lifted by Legal & General Group Plc

Legal & General Group Plc lifted its position in Ford Motor Company (NYSE:F) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,135,432 shares of the auto manufacturer’s stock after acquiring an additional 179,979 shares during the period. Legal & General Group Plc owned about 0.81% of Ford Motor worth $421,617,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Grove Bank & Trust increased its position in shares of Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. Olistico Wealth LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $26,000. Johnson Financial Group Inc. grew its position in Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. purchased a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in Ford Motor during the third quarter valued at approximately $32,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

F stock opened at $14.93 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $59.47 billion, a price-to-earnings ratio of -9.63, a P/E/G ratio of 0.33 and a beta of 1.65. Ford Motor Company has a 12 month low of $9.88 and a 12 month high of $14.95. The firm has a 50 day moving average of $12.35 and a two-hundred day moving average of $13.04.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts anticipate that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on F. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. The Goldman Sachs Group lowered their price objective on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. TD Cowen lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. Finally, Bank of America began coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.56.

Ford Motor Profile

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.