Resona Asset Management Co. Ltd. Has $17.36 Million Position in Ford Motor Company $F

Resona Asset Management Co. Ltd. reduced its holdings in shares of Ford Motor Company (NYSE:F) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,449,099 shares of the auto manufacturer’s stock after selling 84,020 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Ford Motor were worth $17,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in F. Vanguard Group Inc. increased its holdings in shares of Ford Motor by 1.0% during the second quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock worth $5,015,369,000 after purchasing an additional 4,585,636 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Ford Motor by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock valued at $1,575,118,000 after buying an additional 5,118,228 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares during the last quarter. Norges Bank bought a new position in shares of Ford Motor in the 2nd quarter valued at $405,328,000. Finally, Legal & General Group Plc raised its holdings in Ford Motor by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock valued at $372,170,000 after buying an additional 1,104,139 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 1.1%

F opened at $13.57 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.50. The company has a market cap of $54.05 billion, a P/E ratio of 11.69, a P/E/G ratio of 5.68 and a beta of 1.62. The business’s 50-day moving average price is $13.38 and its 200-day moving average price is $12.42.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The business had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.49 EPS. On average, equities analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Analysts Set New Price Targets

F has been the subject of a number of recent analyst reports. Royal Bank Of Canada increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Barclays raised their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday. Citigroup upped their target price on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. Finally, UBS Group boosted their price objective on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.19.

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.