Nomura Asset Management Co. Ltd. Boosts Stake in Ford Motor Company $F

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Ford Motor Company (NYSE:F) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,480,068 shares of the auto manufacturer’s stock after acquiring an additional 51,137 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ford Motor were worth $16,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of F. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Ford Motor by 3.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 2,116,798 shares of the auto manufacturer’s stock valued at $22,967,000 after purchasing an additional 75,980 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in Ford Motor by 4.1% during the second quarter. Kingsview Wealth Management LLC now owns 118,669 shares of the auto manufacturer’s stock worth $1,288,000 after buying an additional 4,707 shares during the last quarter. Citizens Financial Group Inc. RI grew its holdings in Ford Motor by 40.0% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 21,259 shares of the auto manufacturer’s stock valued at $231,000 after buying an additional 6,072 shares in the last quarter. Collaborative Wealth Managment Inc. acquired a new stake in shares of Ford Motor in the 2nd quarter worth $145,000. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Ford Motor by 1.0% during the 2nd quarter. Avantax Advisory Services Inc. now owns 284,694 shares of the auto manufacturer’s stock worth $3,089,000 after acquiring an additional 2,793 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Royal Bank Of Canada boosted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a report on Friday, October 24th. Piper Sandler lifted their price target on shares of Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. increased their price target on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.73.

Ford Motor Trading Down 1.0%

Shares of NYSE F opened at $12.90 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $51.38 billion, a PE ratio of 11.12, a PEG ratio of 4.03 and a beta of 1.60. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $13.97. The stock has a fifty day simple moving average of $12.38 and a 200-day simple moving average of $11.50.

Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same quarter in the prior year, the company earned $0.49 EPS. Ford Motor’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is currently 51.72%.

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.