Nomura Asset Management Co. Ltd. Purchases 44,918 Shares of Ford Motor Company $F

Nomura Asset Management Co. Ltd. lifted its position in Ford Motor Company (NYSE:F) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,525,186 shares of the auto manufacturer’s stock after acquiring an additional 44,918 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ford Motor were worth $20,010,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Ford Motor in the fourth quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new position in Ford Motor during the fourth quarter valued at $1,769,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Ford Motor by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock valued at $57,008,000 after buying an additional 103,423 shares during the period. Caprock Group LLC purchased a new position in Ford Motor during the third quarter valued at $893,000. Finally, Versor Investments LP purchased a new position in shares of Ford Motor in the 3rd quarter worth about $2,187,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on F. Wells Fargo & Company lowered their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Bank of America lifted their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price target on shares of Ford Motor in a research note on Friday, May 15th. Finally, Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.20.

Ford Motor Stock Down 4.4%

NYSE F opened at $16.67 on Tuesday. The stock has a market cap of $66.42 billion, a PE ratio of -10.75, a P/E/G ratio of 0.38 and a beta of 1.79. Ford Motor Company has a 12 month low of $9.88 and a 12 month high of $17.78. The stock’s 50 day moving average is $12.82 and its 200 day moving average is $13.16. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Research analysts predict that Ford Motor Company will post 1.61 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 3.6%. Ford Motor’s payout ratio is currently -38.71%.

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.