Mirae Asset Global Investments Co. Ltd. Raises Holdings in Ford Motor Company $F

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ford Motor Company (NYSE:F) by 11.0% during the second quarter, Holdings Channel.com reports. The fund owned 4,196,483 shares of the auto manufacturer’s stock after acquiring an additional 414,858 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ford Motor were worth $45,532,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of F. Vanguard Group Inc. grew its stake in shares of Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after acquiring an additional 48,378,444 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ford Motor during the first quarter worth about $123,147,000. Charles Schwab Investment Management Inc. grew its stake in shares of Ford Motor by 8.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after acquiring an additional 10,947,527 shares during the last quarter. Finally, Aberdeen Group plc grew its stake in shares of Ford Motor by 150.6% during the first quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock worth $72,169,000 after acquiring an additional 4,365,125 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group boosted their price target on Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Piper Sandler lifted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. UBS Group lifted their target price on Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.57.

Ford Motor Trading Down 0.4%

Shares of NYSE:F opened at $12.22 on Friday. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $12.43. The company has a market capitalization of $48.61 billion, a PE ratio of 15.66, a PEG ratio of 3.53 and a beta of 1.53. The business has a 50 day moving average of $11.56 and a two-hundred day moving average of $10.80. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. During the same period in the previous year, the company posted $0.47 earnings per share. Ford Motor’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. Ford Motor’s payout ratio is presently 76.92%.

Ford Motor Company 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.