Sumitomo Mitsui DS Asset Management Company Ltd Acquires 4,500 Shares of Ford Motor (NYSE:F)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Ford Motor (NYSE:F) by 1.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 360,361 shares of the auto manufacturer’s stock after purchasing an additional 4,500 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Ford Motor were worth $4,393,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in F. Bigelow Investment Advisors LLC grew its holdings in Ford Motor by 4.9% during the fourth quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock valued at $236,000 after purchasing an additional 908 shares during the period. Sage Mountain Advisors LLC grew its stake in shares of Ford Motor by 7.1% during the 3rd quarter. Sage Mountain Advisors LLC now owns 13,825 shares of the auto manufacturer’s stock valued at $172,000 after acquiring an additional 919 shares during the period. Norris Perne & French LLP MI increased its holdings in Ford Motor by 1.5% in the 3rd quarter. Norris Perne & French LLP MI now owns 63,339 shares of the auto manufacturer’s stock worth $787,000 after acquiring an additional 920 shares in the last quarter. Strategic Investment Advisors MI raised its stake in Ford Motor by 1.7% during the 3rd quarter. Strategic Investment Advisors MI now owns 56,039 shares of the auto manufacturer’s stock worth $696,000 after acquiring an additional 921 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL lifted its holdings in Ford Motor by 8.5% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 12,700 shares of the auto manufacturer’s stock valued at $158,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Citigroup boosted their price objective on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Barclays lifted their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Redburn Atlantic started coverage on Ford Motor in a research note on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.82.

Ford Motor Trading Up 6.1 %

F opened at $12.88 on Tuesday. The stock has a 50-day moving average of $12.59 and a 200 day moving average of $11.76. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. Ford Motor has a 12 month low of $9.63 and a 12 month high of $15.42. The firm has a market cap of $51.18 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.96 and a beta of 1.63.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS. As a group, research analysts forecast that Ford Motor will post 1.89 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s payout ratio is 55.56%.

About Ford Motor

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.