Dai ichi Life Insurance Company Ltd Grows Stock Holdings in Ford Motor (NYSE:F)

Dai ichi Life Insurance Company Ltd grew its position in shares of Ford Motor (NYSE:F) by 247.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,345 shares of the auto manufacturer’s stock after acquiring an additional 70,000 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Ford Motor were worth $1,039,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in shares of Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock worth $93,830,000 after purchasing an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP raised its stake in 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 worth $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after buying an additional 5,270,562 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Ford Motor by 456.9% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after acquiring an additional 3,281,800 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Ford Motor by 103.6% during the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after acquiring an additional 2,497,695 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Up 0.0 %

F opened at $11.11 on Thursday. The company has a market capitalization of $44.13 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 2.08 and a beta of 1.62. The firm has a 50-day simple moving average of $10.85 and a two-hundred day simple moving average of $11.44. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion during 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 firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 earnings per share. Analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Wall Street Analyst Weigh In

F has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company lowered their price objective on Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a report on Thursday, November 7th. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $12.02.

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.