Sumitomo Mitsui Trust Group Inc. Grows Position in Ford Motor (NYSE:F)

Sumitomo Mitsui Trust Group Inc. raised its holdings in Ford Motor (NYSE:F) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,686,178 shares of the auto manufacturer’s stock after acquiring an additional 109,747 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Ford Motor were worth $91,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Olistico Wealth LLC purchased a new stake in shares of Ford Motor in the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in shares of Ford Motor in the 2nd quarter valued at about $26,000. Quarry LP purchased a new stake in shares of Ford Motor in the 2nd quarter valued at about $27,000. Ridgewood Investments LLC purchased a new stake in shares of Ford Motor in the 2nd quarter valued at about $28,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Ford Motor in the 2nd quarter valued at about $30,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

F has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a report on Tuesday, October 29th. Wells Fargo & Company decreased their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Barclays decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.02.

Ford Motor Price Performance

Shares of F stock opened at $11.11 on Thursday. The firm has a market cap of $44.13 billion, a P/E ratio of 12.62, a P/E/G ratio of 2.01 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The business’s 50 day moving average price is $10.77 and its 200-day moving average price is $11.53. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. On average, equities research analysts anticipate that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be given a $0.15 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. Ford Motor’s dividend payout ratio is currently 68.18%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.