Ceredex Value Advisors LLC Takes $31.96 Million Position in Ford Motor Company $F

Ceredex Value Advisors LLC acquired a new position in Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,299,258 shares of the auto manufacturer’s stock, valued at approximately $31,960,000. Ceredex Value Advisors LLC owned about 0.06% of Ford Motor at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of F. MV Capital Management Inc. acquired a new stake in Ford Motor in the 4th quarter worth $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the fourth quarter valued at about $26,000. Johnson Financial Group Inc. lifted its stake in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the period. Legacy Wealth Managment LLC ID lifted its stake in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Ford Motor during the fourth quarter worth about $32,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on F. TD Cowen upped their price target on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. UBS Group lifted their price objective on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Down 3.7%

Shares of F opened at $13.97 on Friday. The stock has a market cap of $55.71 billion, a price-to-earnings ratio of -7.47, a P/E/G ratio of 0.30 and a beta of 1.82. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The company has a 50-day moving average price of $14.13 and a two-hundred day moving average price of $13.50.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the business earned $0.37 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Equities analysts predict that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

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.