Bank of New York Mellon Corp Has $475.95 Million Position in Ford Motor Company $F

Bank of New York Mellon Corp lifted its holdings in Ford Motor Company (NYSE:F) by 8.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 41,243,335 shares of the auto manufacturer’s stock after buying an additional 3,089,952 shares during the period. Bank of New York Mellon Corp’s holdings in Ford Motor were worth $475,948,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in F. Norges Bank acquired a new stake in Ford Motor during the fourth quarter worth approximately $674,437,000. Marshall Wace LLP lifted its stake in Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after buying an additional 15,866,285 shares during the period. AQR Capital Management LLC lifted its stake in Ford Motor by 610.1% in the fourth quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after buying an additional 9,603,267 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Ford Motor by 458.7% during the 1st quarter. SG Americas Securities LLC now owns 9,002,765 shares of the auto manufacturer’s stock worth $103,892,000 after buying an additional 7,391,361 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ford Motor by 190.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock worth $131,641,000 after buying an additional 7,220,686 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Barclays boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Bank of America raised their price target on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. BNP Paribas Exane lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, ten have issued a Hold rating and one has given 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 $14.72.

Ford Motor Price Performance

Shares of NYSE F opened at $14.18 on Friday. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. The stock has a market cap of $56.48 billion, a price-to-earnings ratio of -9.15, a PEG ratio of 0.31 and a beta of 1.82. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The firm’s 50-day simple moving average is $14.26 and its 200 day simple moving average is $13.40.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. As a group, research analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s payout ratio is presently -38.71%.

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.