The Manufacturers Life Insurance Company Has $34.59 Million Stake in Ford Motor Company $F

The Manufacturers Life Insurance Company reduced its position in shares of Ford Motor Company (NYSE:F) by 20.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,488,825 shares of the auto manufacturer’s stock after selling 633,257 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ford Motor were worth $34,595,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Ford Motor during the fourth quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in Ford Motor in the fourth quarter valued at $1,769,000. TD Asset Management Inc raised its holdings in shares of Ford Motor by 11.0% during the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after purchasing an additional 189,310 shares during the period. Public Employees Retirement System of Ohio raised its holdings in shares of Ford Motor by 22.4% during the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock valued at $23,095,000 after purchasing an additional 366,218 shares during the period. Finally, Wealthfront Advisers LLC bought a new position in shares of Ford Motor during the 2nd quarter worth about $11,492,000. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

F has been the subject of several research reports. Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Bank of America raised their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Piper Sandler boosted their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.68.

Ford Motor Stock Down 0.4%

Shares of NYSE F opened at $13.90 on Thursday. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The company has a 50-day moving average price of $14.09 and a 200-day moving average price of $13.51. The stock has a market capitalization of $55.43 billion, a P/E ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 1 year low of $11.11 and a 1 year high of $17.78.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is -32.09%.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.