Principal Financial Group Inc. lifted its holdings in shares of Ford Motor (NYSE:F - Free Report) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,394,681 shares of the auto manufacturer's stock after acquiring an additional 160,409 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Ford Motor worth $46,408,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in F. WoodTrust Financial Corp raised its holdings in Ford Motor by 29.8% in the third quarter. WoodTrust Financial Corp now owns 28,428 shares of the auto manufacturer's stock worth $300,000 after purchasing an additional 6,519 shares in the last quarter. Centennial Wealth Advisory LLC raised its holdings in Ford Motor by 6.0% in the third quarter. Centennial Wealth Advisory LLC now owns 47,970 shares of the auto manufacturer's stock worth $507,000 after purchasing an additional 2,704 shares in the last quarter. Benchmark Financial Wealth Advisors LLC bought a new position in Ford Motor in the third quarter worth $122,000. 1834 Investment Advisors Co. raised its holdings in Ford Motor by 87.7% in the third quarter. 1834 Investment Advisors Co. now owns 274,433 shares of the auto manufacturer's stock worth $2,898,000 after purchasing an additional 128,256 shares in the last quarter. Finally, Catalina Capital Group LLC raised its holdings in Ford Motor by 33.9% in the third quarter. Catalina Capital Group LLC now owns 19,212 shares of the auto manufacturer's stock worth $203,000 after purchasing an additional 4,865 shares in the last quarter. Institutional investors own 58.74% of the company's stock.
Analyst Upgrades and Downgrades
F has been the subject of several analyst reports. StockNews.com upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Wells Fargo & Company dropped their price objective on Ford Motor from $10.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, September 10th. Sanford C. Bernstein cut Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective on the stock. in a research report on Thursday. Evercore ISI raised Ford Motor to a "hold" rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group raised Ford Motor from a "neutral" rating to a "buy" rating and increased their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $12.02.
Check Out Our Latest Report on F
Ford Motor Trading Up 2.4 %
Shares of Ford Motor stock traded up $0.26 on Monday, reaching $11.23. The company had a trading volume of 53,292,076 shares, compared to its average volume of 53,908,961. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.99 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm's 50-day moving average price is $10.77 and its two-hundred day moving average price is $11.55. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analysts' expectations of $45.13 billion. During the same quarter in the previous year, the business earned $0.39 EPS. Ford Motor's revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Ford Motor will post 1.82 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 Monday, December 2nd. Shareholders of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor's dividend payout ratio is 68.18%.
Ford Motor Company Profile
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Free Report)
Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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