Mitsubishi UFJ Asset Management Co. Ltd. Invests $132.57 Million in Ford Motor Company $F

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Ford Motor Company (NYSE:F) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,537,198 shares of the auto manufacturer’s stock, valued at approximately $132,567,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Ford Motor as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ford Motor by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after buying an additional 4,087,699 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after buying an additional 4,089,779 shares during the period. Geode Capital Management LLC grew its holdings in Ford Motor by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Ford Motor during the 2nd quarter valued at about $717,218,000. Finally, Norges Bank acquired a new position in shares of Ford Motor during the 4th quarter valued at about $674,437,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

NYSE F opened at $13.95 on Wednesday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The firm has a market capitalization of $55.63 billion, a P/E ratio of -7.46, a P/E/G ratio of 0.30 and a beta of 1.82. The business’s 50-day simple moving average is $14.14 and its 200-day simple moving average is $13.50.

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

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is presently -32.09%.

Analyst Ratings Changes

Several research firms recently issued reports on F. BNP Paribas Exane raised their target price on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday, May 13th. UBS Group increased their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Finally, TD Cowen boosted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Company 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.