OMERS ADMINISTRATION Corp Has $6.43 Million Stock Position in Ford Motor Company $F

OMERS ADMINISTRATION Corp grew its holdings in shares of Ford Motor Company (NYSE:F) by 18.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 462,269 shares of the auto manufacturer’s stock after acquiring an additional 70,549 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Ford Motor were worth $6,426,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caxton Associates LLP acquired a new stake in Ford Motor in the first quarter valued at $304,000. Empowered Funds LLC lifted its holdings in Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares during the period. Jump Financial LLC bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $172,000. NewEdge Advisors LLC grew its position in shares of Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in shares of Ford Motor by 1.5% in the second quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after buying an additional 26,526 shares during the period. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on F. JPMorgan Chase & Co. raised their price objective on Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. DZ Bank upgraded shares of 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. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.50 to $17.50 in a research report on Monday, July 27th. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, TD Cowen lifted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Trading Down 3.4%

NYSE:F opened at $13.93 on Tuesday. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock has a market capitalization of $55.53 billion, a price-to-earnings ratio of -7.45, a PEG ratio of 0.30 and a beta of 1.82. The firm has a fifty day simple moving average of $14.10 and a two-hundred day simple moving average of $13.51.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. Analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

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

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.