Rakuten Investment Management Inc. Buys 59,112 Shares of Ford Motor Company $F

Rakuten Investment Management Inc. grew its stake in Ford Motor Company (NYSE:F) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 640,426 shares of the auto manufacturer’s stock after purchasing an additional 59,112 shares during the period. Rakuten Investment Management Inc.’s holdings in Ford Motor were worth $8,979,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in F. Caxton Associates LLP bought a new stake in shares of Ford Motor during the first quarter valued at approximately $304,000. Empowered Funds LLC lifted its position in 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 purchasing an additional 43,385 shares during the period. Jump Financial LLC bought a new position in Ford Motor in the second quarter worth $172,000. NewEdge Advisors LLC boosted its stake in Ford Motor by 26.3% during 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 in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in Ford Motor by 1.5% during 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 in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $13.89 on Friday. The firm has a market cap of $55.39 billion, a P/E ratio of -7.43, a P/E/G ratio of 0.29 and a beta of 1.82. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a 50 day simple moving average of $14.09 and a 200 day simple moving average of $13.52.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.37 earnings per share. Sell-side analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on F. Weiss Ratings restated 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 set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Barclays increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Company 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.