Keybank National Association OH Purchases 43,603 Shares of Ford Motor Company $F

Keybank National Association OH grew its position in shares of Ford Motor Company (NYSE:F) by 28.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,452 shares of the auto manufacturer’s stock after purchasing an additional 43,603 shares during the period. Keybank National Association OH’s holdings in Ford Motor were worth $2,302,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in F. Norges Bank bought a new position in shares of Ford Motor during the fourth quarter valued at about $674,437,000. SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Ford Motor in the 4th quarter worth about $1,769,000. TD Asset Management Inc boosted its stake in shares of Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after purchasing an additional 189,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ford Motor by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock valued at $57,008,000 after buying an additional 103,423 shares during the period. Finally, World Investment Advisors increased its position in shares of Ford Motor by 222.5% during the fourth quarter. World Investment Advisors now owns 125,292 shares of the auto manufacturer’s stock valued at $1,644,000 after buying an additional 86,445 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

F has been the subject of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Wells Fargo & Company upped their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Citigroup lifted their price target on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Finally, UBS Group upped their price target on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, June 8th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $14.70.

Ford Motor Price Performance

Shares of NYSE F opened at $13.35 on Monday. The company has a 50 day simple moving average of $13.97 and a two-hundred day simple moving average of $13.37. Ford Motor Company has a fifty-two week low of $10.68 and a fifty-two week high of $17.78. The company has a market capitalization of $53.18 billion, a price-to-earnings ratio of -8.61, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

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

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

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.