OMERS ADMINISTRATION Corp Has $6.43 Million Stake in Ford Motor Company $F

OMERS ADMINISTRATION Corp raised its holdings in Ford Motor Company (NYSE:F) by 18.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 462,269 shares of the auto manufacturer’s stock after purchasing an additional 70,549 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Ford Motor were worth $6,426,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after acquiring an additional 4,087,699 shares during the period. BlackRock Inc. acquired a new position in Ford Motor in the second quarter valued at about $4,649,131,000. Charles Schwab Investment Management Inc. lifted its position in 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 worth $1,994,464,000 after purchasing an additional 4,089,779 shares during the period. Geode Capital Management LLC lifted its position in 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 purchasing an additional 1,255,349 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Ford Motor during the second quarter worth about $717,218,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the company from $14.50 to $17.50 in a report on Monday, July 27th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target on the stock in a research report on Friday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. BNP Paribas Exane upped their target price on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Finally, Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $13.93 on Tuesday. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week 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 has a market capitalization of $55.53 billion, a P/E ratio of -7.45, a P/E/G ratio of 0.30 and a beta of 1.82. The company’s 50 day moving average price is $14.10 and its two-hundred day moving average price is $13.51.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the business earned $0.37 earnings per share. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

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.