Royal London Asset Management Ltd. Raises Holdings in Ford Motor (NYSE:F)

Royal London Asset Management Ltd. lifted its stake in Ford Motor (NYSE:F) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,261,599 shares of the auto manufacturer’s stock after buying an additional 87,293 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Ford Motor were worth $42,190,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of F. Empowered Funds LLC boosted its stake in shares of Ford Motor by 6.3% in the third quarter. Empowered Funds LLC now owns 94,227 shares of the auto manufacturer’s stock worth $995,000 after buying an additional 5,557 shares during the last quarter. Quest Partners LLC acquired a new position in Ford Motor in the 3rd quarter worth about $96,000. Prospera Financial Services Inc raised its holdings in Ford Motor by 12.1% in the 3rd quarter. Prospera Financial Services Inc now owns 186,767 shares of the auto manufacturer’s stock worth $1,972,000 after purchasing an additional 20,202 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Ford Motor in the 3rd quarter worth about $1,373,000. Finally, PNC Financial Services Group Inc. raised its holdings in Ford Motor by 17.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,093,785 shares of the auto manufacturer’s stock worth $11,550,000 after purchasing an additional 158,960 shares during the period. 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 a number of analyst reports. JPMorgan Chase & Co. reduced their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada reduced their target price on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Finally, Evercore ISI reduced their target price on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $11.50.

Ford Motor Price Performance

F stock opened at $10.03 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. The business has a 50 day simple moving average of $9.73 and a 200-day simple moving average of $10.31. The firm has a market capitalization of $39.73 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 5.99%. Ford Motor’s payout ratio is 41.10%.

Ford Motor 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.