Legal & General Group Plc Acquires 179,979 Shares of Ford Motor Company $F

Legal & General Group Plc grew its holdings in Ford Motor Company (NYSE:F) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,135,432 shares of the auto manufacturer’s stock after acquiring an additional 179,979 shares during the period. Legal & General Group Plc’s holdings in Ford Motor were worth $421,617,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of F. Caxton Associates LLP acquired a new stake in shares of Ford Motor in the first quarter worth $304,000. Empowered Funds LLC lifted its stake in shares of Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Ford Motor in the second quarter worth $172,000. NewEdge Advisors LLC lifted its stake in shares of Ford Motor by 26.3% in the second quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Ford Motor by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after buying an additional 26,526 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

F has been the subject of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 13th. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Bank of America initiated coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They set a “buy” rating and a $17.00 target price for the company. Finally, UBS Group cut their target price on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.56.

Ford Motor Trading Down 0.0%

Shares of Ford Motor stock opened at $14.93 on Tuesday. The firm has a market capitalization of $59.47 billion, a PE ratio of -9.63, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The company’s fifty day moving average price is $12.35 and its two-hundred day moving average price is $13.04. Ford Motor Company has a 52-week low of $9.88 and a 52-week high of $14.95.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, analysts expect that Ford Motor Company will post 1.6 EPS for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Ford Motor Profile

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.