Mitsubishi UFJ Asset Management Co. Ltd. Makes New Investment in Ford Motor Company $F

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ford Motor Company (NYSE:F) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,537,198 shares of the auto manufacturer’s stock, valued at approximately $132,567,000.

A number of other large investors have also modified their holdings of the stock. Maripau Wealth Management LLC lifted its position in Ford Motor by 1.6% during the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after acquiring an additional 749 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 761 shares in the last quarter. Southern Financial Group LLC raised its stake in shares of Ford Motor by 2.3% during the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock valued at $401,000 after purchasing an additional 776 shares during the period. Finally, Activest Wealth Management raised its stake in shares of Ford Motor by 35.3% during the fourth quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after purchasing an additional 794 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

F has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Bank of America upped their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their target price on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Trading Down 0.7%

NYSE:F opened at $13.95 on Wednesday. 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 business’s 50 day moving average is $14.14 and its two-hundred day moving average is $13.50. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The company has a market cap of $55.63 billion, a PE ratio of -7.46, a P/E/G ratio of 0.30 and a beta of 1.82.

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

Ford Motor Dividend Announcement

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

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.