Nordea Investment Management AB Boosts Holdings in Ford Motor Company $F

Nordea Investment Management AB grew its holdings in Ford Motor Company (NYSE:F) by 4.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 331,080 shares of the auto manufacturer’s stock after purchasing an additional 13,721 shares during the quarter. Nordea Investment Management AB’s holdings in Ford Motor were worth $3,554,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor in the second quarter valued at approximately $25,000. Elite Financial Inc. purchased a new position in shares of Ford Motor in the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new position in shares of Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Ford Motor in the 1st quarter valued at $30,000. Finally, WPG Advisers LLC purchased a new stake in shares of Ford Motor during the 1st quarter worth $33,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Wells Fargo & Company lifted their target price on shares of Ford Motor from $8.00 to $10.00 and gave the company an “underweight” rating in a report on Friday, October 3rd. UBS Group lifted their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. Finally, Piper Sandler lifted their target price on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $11.11.

Ford Motor Stock Performance

Shares of F opened at $12.57 on Wednesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The stock has a market capitalization of $50.03 billion, a P/E ratio of 16.12, a P/E/G ratio of 3.49 and a beta of 1.53. The company’s fifty day moving average is $11.77 and its two-hundred day moving average is $10.98. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.80.

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

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, August 11th. 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.