TD Asset Management Inc Raises Stock Holdings in Ford Motor Company $F

TD Asset Management Inc grew its stake in Ford Motor Company (NYSE:F) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,908,234 shares of the auto manufacturer’s stock after buying an additional 189,310 shares during the period. TD Asset Management Inc’s holdings in Ford Motor were worth $25,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of F. Norges Bank purchased a new stake in Ford Motor in the fourth quarter worth about $674,437,000. DLD Asset Management LP purchased a new stake in Ford Motor in the third quarter worth about $299,000,000. Marshall Wace LLP increased its position in Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock worth $423,847,000 after buying an additional 15,866,285 shares in the last quarter. Bank of New York Mellon Corp increased its position in Ford Motor by 26.9% in the fourth quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after buying an additional 8,086,564 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Ford Motor by 190.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 11,006,776 shares of the auto manufacturer’s stock worth $131,641,000 after purchasing an additional 7,220,686 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

F has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Friday, March 27th. Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. Wells Fargo & Company cut their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. Finally, TD Cowen cut their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $14.20.

Ford Motor Stock Performance

NYSE:F opened at $14.91 on Monday. The stock has a market capitalization of $59.39 billion, a P/E ratio of -9.62, a P/E/G ratio of 0.32 and a beta of 1.79. The stock has a 50-day moving average price of $13.12 and a 200 day moving average price of $13.22. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12-month low of $10.15 and a 12-month high of $17.78.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Equities research analysts forecast that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.

Ford Motor Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.