Ceredex Value Advisors LLC Purchases Shares of 2,299,258 Ford Motor Company $F

Ceredex Value Advisors LLC acquired a new position in shares of Ford Motor Company (NYSE:F) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,299,258 shares of the auto manufacturer’s stock, valued at approximately $31,960,000.

A number of other institutional investors also recently modified their holdings of F. Vanguard Group Inc. boosted its stake in Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Ford Motor during the second quarter worth $4,649,131,000. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after buying an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ford Motor by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Ford Motor in the second quarter valued at about $717,218,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F stock opened at $13.97 on Friday. The firm has a market cap of $55.71 billion, a price-to-earnings ratio of -7.47, a PEG ratio of 0.30 and a beta of 1.82. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a 50-day moving average price of $14.13 and a 200 day moving average price of $13.50.

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

Ford Motor Announces Dividend

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

Analysts Set New Price Targets

Several brokerages recently issued reports on F. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $19.00 to $20.00 in a research report on Wednesday, July 29th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada upped their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. UBS Group increased their price target on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Finally, DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a report on Friday, July 31st. Eight 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.68.

About Ford Motor

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.