Elo Mutual Pension Insurance Co Raises Stake in Ford Motor (NYSE:F)

Elo Mutual Pension Insurance Co boosted its holdings in shares of Ford Motor (NYSE:F) by 16.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 334,147 shares of the auto manufacturer’s stock after purchasing an additional 46,651 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ford Motor were worth $4,190,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of F. Fisher Asset Management LLC boosted its holdings in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after acquiring an additional 3,521,520 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Ford Motor by 1.6% in the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after acquiring an additional 312,496 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after acquiring an additional 1,214,640 shares in the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Ford Motor in the fourth quarter valued at about $149,152,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F opened at $10.99 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. The stock has a market cap of $43.86 billion, a P/E ratio of 11.32, a PEG ratio of 0.76 and a beta of 1.62. The company has a 50-day moving average of $11.34 and a two-hundred day moving average of $12.06. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The business had revenue of $47.81 billion for the quarter, compared to analyst estimates of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 EPS. As a group, research analysts predict that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

F has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.95.

Ford Motor Profile

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.