Principal Financial Group Inc. decreased its position in Ford Motor (NYSE:F) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,628,581 shares of the auto manufacturer’s stock after selling 78,532 shares during the quarter. Principal Financial Group Inc. owned approximately 0.14% of Ford Motor worth $43,058,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in F. Stone Ridge Asset Management LLC increased its stake in shares of Ford Motor by 115.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 122,250 shares of the auto manufacturer’s stock valued at $935,000 after acquiring an additional 65,446 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in Ford Motor by 80.6% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 40,054 shares of the auto manufacturer’s stock worth $306,000 after purchasing an additional 17,881 shares in the last quarter. Brandywine Global Investment Management LLC increased its stake in Ford Motor by 213.6% during the 4th quarter. Brandywine Global Investment Management LLC now owns 2,503,725 shares of the auto manufacturer’s stock worth $19,154,000 after purchasing an additional 1,705,427 shares in the last quarter. Lehman & Derafelo Financial Resources LLC bought a new stake in Ford Motor during the 4th quarter worth approximately $507,000. Finally, QS Investors LLC increased its stake in Ford Motor by 25.7% during the 4th quarter. QS Investors LLC now owns 2,110,898 shares of the auto manufacturer’s stock worth $16,149,000 after purchasing an additional 430,934 shares in the last quarter. 53.22% of the stock is currently owned by institutional investors.
F stock traded down $0.12 during trading hours on Monday, hitting $9.33. 40,773,371 shares of the stock were exchanged, compared to its average volume of 42,772,867. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.20 and a quick ratio of 1.08. The stock has a market capitalization of $36.99 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 0.86 and a beta of 1.04. Ford Motor has a 12 month low of $7.41 and a 12 month high of $12.15.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, April 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Tuesday, April 23rd. Ford Motor’s payout ratio is currently 46.15%.
A number of research firms have weighed in on F. Citigroup reaffirmed a “reduce” rating on shares of Ford Motor in a research report on Wednesday, April 10th. Nomura downgraded Ford Motor from a “neutral” rating to a “reduce” rating and reduced their price target for the stock from $8.20 to $7.50 in a research report on Friday, April 5th. ValuEngine raised Ford Motor from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research downgraded Ford Motor from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Seaport Global Securities started coverage on Ford Motor in a report on Wednesday, February 13th. They issued a “neutral” rating and a $8.46 price objective for the company. They noted that the move was a valuation call. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $10.26.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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