DekaBank Deutsche Girozentrale Decreases Stake in Ford Motor Company $F

DekaBank Deutsche Girozentrale lowered its stake in Ford Motor Company (NYSE:F) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 975,625 shares of the auto manufacturer’s stock after selling 20,086 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ford Motor were worth $10,399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wedmont Private Capital raised its holdings in shares of Ford Motor by 3.0% in the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after buying an additional 934 shares during the last quarter. Hemington Wealth Management raised its stake in Ford Motor by 30.9% in the 2nd quarter. Hemington Wealth Management now owns 4,016 shares of the auto manufacturer’s stock worth $43,000 after acquiring an additional 947 shares during the last quarter. Meriwether Wealth & Planning LLC raised its stake in Ford Motor by 6.9% in the 2nd quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after acquiring an additional 985 shares during the last quarter. Atlas Capital Advisors Inc. raised its stake in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after acquiring an additional 989 shares during the last quarter. Finally, City Holding Co. raised its stake in Ford Motor by 47.8% in the 2nd quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on F shares. The Goldman Sachs Group raised their price objective on Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Royal Bank Of Canada raised their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 5th. UBS Group raised their price target on shares of Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, Piper Sandler raised their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $11.11.

Ford Motor Price Performance

NYSE:F opened at $12.31 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The firm has a market cap of $48.99 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 3.65 and a beta of 1.53. The company has a 50 day moving average price of $11.80 and a 200-day moving average price of $11.01. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.80.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 7th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Friday, November 7th. Ford Motor’s payout ratio is currently 76.92%.

About Ford Motor

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.