Resona Asset Management Co. Ltd. Invests $13.34 Million in Ford Motor (NYSE:F)

Resona Asset Management Co. Ltd. acquired a new stake in Ford Motor (NYSE:F) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,345,105 shares of the auto manufacturer’s stock, valued at approximately $13,338,000.

Several other institutional investors also recently bought and sold shares of F. Albion Financial Group UT lifted its holdings in shares of Ford Motor by 38.5% in the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock valued at $36,000 after buying an additional 1,000 shares during the period. Brighton Jones LLC boosted its position in shares of Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after purchasing an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC grew its stake in shares of Ford Motor by 1.3% during the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after purchasing an additional 1,024 shares during the period. Atlas Brown Inc. increased its holdings in shares of Ford Motor by 1.7% in the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock valued at $627,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC grew its position in Ford Motor by 10.6% during the fourth quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after buying an additional 1,098 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on F shares. Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Bank of America dropped their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday, March 27th. 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 note on Thursday, March 20th. Finally, Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and cut their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Performance

NYSE F opened at $9.58 on Monday. The business’s 50-day moving average price is $9.72 and its 200 day moving average price is $10.24. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. Ford Motor has a twelve month low of $9.06 and a twelve month high of $14.85. The company has a market capitalization of $37.95 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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, research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.27%. Ford Motor’s dividend payout ratio 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.