Bank of New York Mellon Corp Purchases 8,086,564 Shares of Ford Motor Company $F

Bank of New York Mellon Corp lifted its holdings in Ford Motor Company (NYSE:F) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,153,383 shares of the auto manufacturer’s stock after purchasing an additional 8,086,564 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ford Motor were worth $500,572,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Natixis Advisors LLC grew its holdings in Ford Motor by 11.4% during the fourth quarter. Natixis Advisors LLC now owns 1,670,818 shares of the auto manufacturer’s stock worth $21,921,000 after purchasing an additional 171,284 shares during the period. Root Financial Partners LLC grew its holdings in Ford Motor by 3.8% during the fourth quarter. Root Financial Partners LLC now owns 22,617 shares of the auto manufacturer’s stock worth $297,000 after purchasing an additional 829 shares during the period. BNP Paribas bought a new position in Ford Motor during the fourth quarter worth about $72,000. COFG Advisors LLC bought a new position in Ford Motor during the fourth quarter worth about $339,000. Finally, New Mexico Educational Retirement Board grew its holdings in Ford Motor by 1.7% during the fourth quarter. New Mexico Educational Retirement Board now owns 179,405 shares of the auto manufacturer’s stock worth $2,354,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Down 2.5%

Shares of F stock opened at $15.75 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The stock has a market cap of $62.74 billion, a P/E ratio of -10.16, a price-to-earnings-growth ratio of 0.35 and a beta of 1.79. The stock has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $13.19. Ford Motor Company has a 1 year low of $10.03 and a 1 year high of $17.78.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) 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 period in the previous year, the company posted $0.14 earnings per share. On average, research analysts predict that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. UBS Group reduced their price objective on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 30th. TD Cowen reduced their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a report on Friday, May 15th. Finally, Wells Fargo & Company dropped their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.20.

About Ford Motor

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.