Daiichi Life Insurance Co. Ltd. Purchases 45,000 Shares of Ford Motor Company $F

Daiichi Life Insurance Co. Ltd. lifted its position in shares of Ford Motor Company (NYSE:F) by 46.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,263 shares of the auto manufacturer’s stock after purchasing an additional 45,000 shares during the period. Daiichi Life Insurance Co. Ltd.’s holdings in Ford Motor were worth $1,977,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. MV Capital Management Inc. bought a new stake in Ford Motor during the fourth quarter worth $25,000. McMillan Office Inc. purchased a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID boosted its holdings in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co grew its position in Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.2%

Shares of NYSE F opened at $14.44 on Monday. Ford Motor Company has a one year low of $11.11 and a one year high of $17.78. 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’s 50 day simple moving average is $14.12 and its two-hundred day simple moving average is $13.51. The stock has a market capitalization of $57.58 billion, a P/E ratio of -7.72, a PEG ratio of 0.30 and a beta of 1.82.

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

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on F shares. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group boosted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. TD Cowen raised their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Eight 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 MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.68.

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.