Ford Motor Company $F Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Ford Motor Company (NYSE:F) by 2.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,139,928 shares of the auto manufacturer’s stock after purchasing an additional 233,366 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ford Motor were worth $105,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Ford Motor by 0.9% in 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. boosted its holdings in shares of Ford Motor by 2.8% during the fourth 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 acquiring an additional 4,089,779 shares during the period. Geode Capital Management LLC grew its position in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after acquiring an additional 1,255,349 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor during the fourth quarter worth about $674,437,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ford Motor by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock worth $601,687,000 after acquiring an additional 125,534 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on F shares. Bank of America lifted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Barclays raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday. Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, May 13th. Finally, Citigroup raised their target price on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $14.77.

Ford Motor Price Performance

F stock traded up $0.39 during trading on Friday, hitting $13.99. The company had a trading volume of 47,055,402 shares, compared to its average volume of 47,879,128. The firm has a market capitalization of $55.77 billion, a price-to-earnings ratio of -9.03, a P/E/G ratio of 0.30 and a beta of 1.82. The business has a 50 day moving average of $14.10 and a 200 day moving average of $13.38. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. 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 released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter last year, the company earned $0.14 EPS. Ford Motor’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

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.