Mitsubishi UFJ Asset Management Co. Ltd. Increases Position in Ford Motor (NYSE:F)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Ford Motor (NYSE:F) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,079,496 shares of the auto manufacturer’s stock after purchasing an additional 479,722 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ford Motor were worth $60,065,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its stake in Ford Motor by 29.8% in the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after purchasing an additional 336,720 shares during the last quarter. NCP Inc. boosted its holdings in shares of Ford Motor by 62.0% in the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after buying an additional 28,528 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock valued at $46,408,000 after buying an additional 160,409 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new stake in Ford Motor during the 3rd quarter worth $55,456,000. Finally, Alberta Investment Management Corp lifted its position in Ford Motor by 87.1% in the fourth quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock valued at $1,941,000 after acquiring an additional 91,300 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

F has been the topic of a number of research analyst reports. Bank of America cut their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and cut their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Thursday. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Piper Sandler lowered their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Down 1.8 %

F opened at $9.73 on Friday. The business has a 50 day simple moving average of $9.75 and a 200-day simple moving average of $10.28. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The stock has a market capitalization of $38.54 billion, a P/E ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

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.