Meiji Yasuda Asset Management Co Ltd. Has $786,000 Stock Position in Ford Motor (NYSE:F)

Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Ford Motor (NYSE:F) by 12.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,659 shares of the auto manufacturer’s stock after purchasing an additional 6,884 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ford Motor were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in F. Fisher Asset Management LLC grew its position in shares of Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock worth $721,047,000 after buying an additional 3,521,520 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ford Motor by 27.4% during 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 purchasing an additional 7,793,944 shares during the period. LSV Asset Management increased its stake in 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 purchasing an additional 312,496 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in 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 worth $163,214,000 after purchasing an additional 1,214,640 shares during the period. Finally, Coatue Management LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $149,152,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Down 0.6 %

Shares of Ford Motor stock opened at $10.85 on Friday. The stock has a market cap of $43.32 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.76 and a beta of 1.62. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The business’s 50 day moving average is $11.23 and its 200-day moving average is $12.04. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85.

Ford Motor (NYSE:F) last issued 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). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities research analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is presently 61.86%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group dropped their price objective on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Wells Fargo & Company cut their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 target price on shares of Ford Motor in a report on Tuesday, September 10th. Finally, Royal Bank of Canada cut their price target on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.95.

Ford Motor Company 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.