Norris Perne & French LLP MI Acquires 63,379 Shares of Ford Motor Company $F

Norris Perne & French LLP MI acquired a new stake in shares of Ford Motor Company (NYSE:F) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 63,379 shares of the auto manufacturer’s stock, valued at approximately $764,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Ford Motor during the 2nd quarter valued at about $4,649,131,000. State Street Corp grew its stake in shares of Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock worth $2,697,153,000 after acquiring an additional 1,492,186 shares during the period. Bank of America Corp DE grew its stake in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after acquiring an additional 55,100,244 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Ford Motor in the second quarter worth approximately $717,218,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Ford Motor by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after purchasing an additional 1,585,557 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

NYSE F opened at $11.59 on Friday. Ford Motor Company has a 52 week low of $11.11 and a 52 week high of $17.78. The firm has a market capitalization of $46.20 billion, a P/E ratio of -6.20, a PEG ratio of 0.24 and a beta of 1.93. 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 company has a 50-day moving average price of $13.12 and a 200-day moving average price of $13.57.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.37 EPS. Equities research analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on F shares. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $19.00 to $20.00 in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Finally, TD Cowen boosted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.36.

About Ford Motor

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.