Ford Motor Company $F Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. reduced its position in Ford Motor Company (NYSE:F) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,346,123 shares of the auto manufacturer’s stock after selling 53,434 shares during the quarter. Royal London Asset Management Ltd. owned about 0.11% of Ford Motor worth $60,411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in shares of Ford Motor during the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the fourth quarter worth $26,000. Manning & Napier Advisors LLC purchased a new position in shares of Ford Motor in the second quarter valued at $31,000. Johnson Financial Group Inc. grew its holdings in 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 purchasing an additional 837 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID grew its holdings in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 0.4%

F opened at $13.89 on Friday. The stock’s 50 day moving average price is $14.09 and its 200 day moving average price is $13.52. 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 stock 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 12 month low of $11.11 and a 12 month high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly 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. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on F shares. Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.50 to $17.50 in a research report on Monday, July 27th. Piper Sandler boosted their price target on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. BNP Paribas Exane increased their price target on Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Thursday, July 30th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company upped their target price on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $15.68.

About Ford Motor

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.