Principal Financial Group Inc. Sells 48,320 Shares of Ford Motor Company $F

Principal Financial Group Inc. reduced its position in Ford Motor Company (NYSE:FFree Report) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,244,638 shares of the auto manufacturer’s stock after selling 48,320 shares during the period. Principal Financial Group Inc.’s holdings in Ford Motor were worth $50,766,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Toledo NA OH purchased a new position in Ford Motor in the 2nd quarter valued at approximately $25,000. Corsicana & Co. purchased a new position in shares of Ford Motor in the third quarter valued at $25,000. Country Trust Bank bought a new stake in shares of Ford Motor during the 2nd quarter valued at $27,000. Capital A Wealth Management LLC lifted its holdings in Ford Motor by 990.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in Ford Motor in the 2nd quarter worth about $30,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

F opened at $13.82 on Thursday. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $55.07 billion, a P/E ratio of 11.91, a PEG ratio of 5.80 and a beta of 1.66. The stock has a 50-day moving average price of $13.52 and a 200-day moving average price of $12.54. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.50.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is presently 51.72%.

Key Stories Impacting Ford Motor

Here are the key news stories impacting Ford Motor this week:

Analyst Ratings Changes

A number of brokerages have recently issued reports on F. Royal Bank Of Canada increased their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, December 22nd. Wall Street Zen upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, UBS Group boosted their target price on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.19.

Check Out Our Latest Research Report on F

Ford Motor Company Profile

(Free Report)

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.

See Also

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

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