Daiichi Life Insurance Co. Ltd. Raises Position in Ford Motor Company $F

Daiichi Life Insurance Co. Ltd. grew its position in shares of Ford Motor Company (NYSE:F) by 46.3% during the second quarter, Holdings Channel reports. The fund owned 142,263 shares of the auto manufacturer’s stock after purchasing an additional 45,000 shares during the period. Daiichi Life Insurance Co. Ltd.’s holdings in Ford Motor were worth $1,977,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in Ford Motor in the fourth quarter worth $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Johnson Financial Group Inc. boosted its holdings in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares in the last quarter. Legacy Wealth Managment LLC ID grew its position in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,230 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Ford Motor in the 4th quarter worth about $32,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 0.2%

F stock opened at $14.44 on Monday. The stock has a market capitalization of $57.58 billion, a P/E ratio of -7.72, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. Ford Motor Company has a 1-year low of $11.11 and a 1-year high of $17.78. The business has a fifty day moving average price of $14.12 and a 200-day moving average price of $13.51.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion during 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%.Ford Motor’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 EPS. Equities analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s dividend payout ratio is -32.09%.

Analyst Ratings Changes

F has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. UBS Group boosted their price target on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Wells Fargo & Company raised their price objective on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. The Goldman Sachs Group boosted their target price on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Finally, DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Ford Motor has an average rating of “Hold” and an average price target of $15.68.

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.