Rakuten Investment Management Inc. Buys 59,112 Shares of Ford Motor Company $F

Rakuten Investment Management Inc. grew its position in Ford Motor Company (NYSE:F) by 10.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 640,426 shares of the auto manufacturer’s stock after purchasing an additional 59,112 shares during the period. Rakuten Investment Management Inc.’s holdings in Ford Motor were worth $8,979,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. MV Capital Management Inc. bought a new position in shares of Ford Motor in the 4th quarter valued at about $25,000. McMillan Office Inc. bought a new stake in shares of Ford Motor during the fourth quarter worth approximately $26,000. Legacy Wealth Managment LLC ID grew its holdings in 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 valued at $27,000 after buying an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. raised its stake in Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares in the last quarter. Finally, Caldwell Trust Co boosted its stake in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $13.89 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The business has a 50 day moving average price of $14.09 and a 200-day moving average price of $13.52. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The company has a market cap of $55.39 billion, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) 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 firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the firm earned $0.37 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on F shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. UBS Group lifted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a report on Friday, July 31st. Finally, Bank of America increased their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.