Crossmark Global Holdings Inc. Increases Holdings in Ford Motor (NYSE:F)

Crossmark Global Holdings Inc. lifted its position in shares of Ford Motor (NYSE:F) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,937 shares of the auto manufacturer’s stock after acquiring an additional 10,634 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Ford Motor were worth $5,554,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of F. Norges Bank purchased a new stake in shares of Ford Motor during the 4th quarter worth approximately $475,899,000. Coatue Management LLC purchased a new stake in Ford Motor in the 4th quarter valued at approximately $149,152,000. Newport Trust Company LLC lifted its stake in Ford Motor by 4.5% in the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after buying an additional 6,667,808 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after buying an additional 3,522,965 shares in the last quarter. Finally, Natixis lifted its stake in Ford Motor by 1,930.4% in the 1st quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock valued at $28,875,000 after buying an additional 2,067,226 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.7 %

NYSE:F traded up $0.08 on Friday, reaching $11.19. The stock had a trading volume of 44,951,748 shares, compared to its average volume of 54,446,324. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The company has a 50-day moving average of $11.85 and a 200 day moving average of $12.22. The stock has a market cap of $44.67 billion, a P/E ratio of 11.54, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The company had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the business posted $0.72 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, research analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.36%. Ford Motor’s payout ratio is 61.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price on the stock. Citigroup upped their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada reduced their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Monday, August 12th. Finally, The Goldman Sachs Group cut their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.48.

Ford Motor Company Profile

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.