OVERSEA CHINESE BANKING Corp Ltd Invests $159,000 in Ford Motor (NYSE:F)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Ford Motor (NYSE:F) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,879 shares of the auto manufacturer’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Czech National Bank raised its holdings in Ford Motor by 6.5% during the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock worth $8,403,000 after purchasing an additional 48,456 shares during the last quarter. Claro Advisors LLC raised its stake in Ford Motor by 333.6% during the third quarter. Claro Advisors LLC now owns 59,179 shares of the auto manufacturer’s stock worth $625,000 after buying an additional 45,532 shares during the last quarter. 1834 Investment Advisors Co. lifted 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 valued at $2,898,000 after buying an additional 128,256 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Ford Motor by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,349,276 shares of the auto manufacturer’s stock valued at $71,039,000 after acquiring an additional 59,082 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Ford Motor by 49.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 998,712 shares of the auto manufacturer’s stock worth $10,546,000 after acquiring an additional 329,631 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $11.07 on Friday. The business’s fifty day simple moving average is $10.77 and its 200 day simple moving average is $11.52. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The firm has a market capitalization of $44.00 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.39 EPS. As a group, analysts anticipate that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wells Fargo & Company lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research note on Thursday, November 7th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor 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.