Nomura Asset Management Co. Ltd. Sells 15,122 Shares of Ford Motor (F)

Share on StockTwits

Nomura Asset Management Co. Ltd. trimmed its position in Ford Motor (NYSE:F) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 766,008 shares of the auto manufacturer’s stock after selling 15,122 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Ford Motor were worth $8,480,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in F. Wealth Advisors of Tampa Bay LLC lifted its holdings in shares of Ford Motor by 1.3% during the 2nd quarter. Wealth Advisors of Tampa Bay LLC now owns 376,325 shares of the auto manufacturer’s stock worth $4,182,000 after acquiring an additional 4,766 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Ford Motor by 0.8% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 582,894 shares of the auto manufacturer’s stock worth $6,458,000 after purchasing an additional 4,800 shares in the last quarter. State Treasurer State of Michigan increased its position in Ford Motor by 0.5% during the 1st quarter. State Treasurer State of Michigan now owns 1,148,890 shares of the auto manufacturer’s stock worth $12,730,000 after purchasing an additional 5,200 shares in the last quarter. First Command Bank increased its position in Ford Motor by 83.9% during the 2nd quarter. First Command Bank now owns 11,438 shares of the auto manufacturer’s stock worth $127,000 after purchasing an additional 5,219 shares in the last quarter. Finally, First Command Financial Services Inc. increased its position in Ford Motor by 83.9% during the 2nd quarter. First Command Financial Services Inc. now owns 11,438 shares of the auto manufacturer’s stock worth $127,000 after purchasing an additional 5,219 shares in the last quarter. Institutional investors own 55.45% of the company’s stock.

Shares of NYSE:F opened at $9.74 on Friday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. Ford Motor has a 52-week low of $9.72 and a 52-week high of $13.48. The company has a market capitalization of $39.38 billion, a price-to-earnings ratio of 6.52, a PEG ratio of 0.84 and a beta of 0.91.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 25th. The auto manufacturer reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.04). Ford Motor had a net margin of 4.27% and a return on equity of 17.43%. The firm had revenue of $35.90 billion during the quarter, compared to analyst estimates of $35.63 billion. During the same period last year, the business earned $0.56 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. analysts anticipate that Ford Motor will post 1.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Monday, July 23rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.16%. The ex-dividend date is Friday, July 20th. Ford Motor’s dividend payout ratio (DPR) is 33.71%.

In other news, Director John C. Lechleiter acquired 10,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was bought at an average price of $9.89 per share, with a total value of $98,900.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at $445,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.95% of the stock is owned by company insiders.

A number of analysts recently issued reports on F shares. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. Morgan Stanley increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, May 3rd. ValuEngine downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Piper Jaffray Companies downgraded shares of Ford Motor from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $13.48 to $12.00 in a research report on Tuesday, May 15th. They noted that the move was a valuation call. Finally, Jefferies Financial Group raised shares of Ford Motor from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.14 to $13.00 in a research report on Tuesday, May 29th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.22.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

Read More: Dividend Stocks – Are They Right For You?

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor (NYSE:F).

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply