Korea Investment CORP Cuts Stake in Ford Motor Company $F

Korea Investment CORP cut its stake in Ford Motor Company (NYSE:F) by 43.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,884,734 shares of the auto manufacturer’s stock after selling 1,454,093 shares during the period. Korea Investment CORP’s holdings in Ford Motor were worth $26,198,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of F. EP Wealth Advisors LLC raised its stake in Ford Motor by 52.5% during the second quarter. EP Wealth Advisors LLC now owns 173,791 shares of the auto manufacturer’s stock worth $2,416,000 after purchasing an additional 59,813 shares during the period. Rakuten Securities Inc. grew its stake in shares of Ford Motor by 778.7% during the 2nd quarter. Rakuten Securities Inc. now owns 10,079 shares of the auto manufacturer’s stock valued at $140,000 after buying an additional 8,932 shares during the period. Ieq Capital LLC increased its holdings in shares of Ford Motor by 1,057.5% during the 2nd quarter. Ieq Capital LLC now owns 174,010 shares of the auto manufacturer’s stock worth $2,419,000 after buying an additional 158,977 shares during the last quarter. Blue Capital Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter worth $2,425,000. Finally, OneAscent Family Office LLC increased its holdings in shares of Ford Motor by 21.3% during the 2nd quarter. OneAscent Family Office LLC now owns 21,361 shares of the auto manufacturer’s stock worth $297,000 after buying an additional 3,746 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on F shares. Wall Street Zen cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped their price target on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley restated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Piper Sandler raised their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, The Goldman Sachs Group lifted their price objective on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Eight 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Stock Up 0.2%

Shares of Ford Motor stock opened at $14.44 on Monday. The company has a fifty day moving average price of $14.12 and a 200 day moving average price of $13.51. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. Ford Motor Company has a twelve month low of $11.11 and a twelve month high of $17.78. The stock has a market cap of $57.58 billion, a price-to-earnings ratio of -7.72, a price-to-earnings-growth ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm’s revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.37 earnings per share. Equities research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio (DPR) is -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.