Bank of Nova Scotia Has $4.51 Million Holdings in Ford Motor Company $F

Bank of Nova Scotia lowered its stake in shares of Ford Motor Company (NYSE:F) by 26.2% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 415,893 shares of the auto manufacturer’s stock after selling 147,295 shares during the period. Bank of Nova Scotia’s holdings in Ford Motor were worth $4,513,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in F. Advisors Capital Management LLC lifted its holdings in shares of Ford Motor by 7.1% in the second quarter. Advisors Capital Management LLC now owns 13,428 shares of the auto manufacturer’s stock valued at $146,000 after purchasing an additional 885 shares in the last quarter. Parcion Private Wealth LLC raised its position in Ford Motor by 7.9% in the 2nd quarter. Parcion Private Wealth LLC now owns 12,557 shares of the auto manufacturer’s stock valued at $136,000 after buying an additional 919 shares during the last quarter. StoneX Group Inc. lifted its stake in Ford Motor by 3.0% during the 2nd quarter. StoneX Group Inc. now owns 32,198 shares of the auto manufacturer’s stock valued at $349,000 after acquiring an additional 927 shares in the last quarter. Wedmont Private Capital boosted its holdings in Ford Motor by 3.0% during the 2nd quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 934 shares during the last quarter. Finally, Convergence Investment Partners LLC boosted its holdings in Ford Motor by 7.4% during the 2nd quarter. Convergence Investment Partners LLC now owns 13,707 shares of the auto manufacturer’s stock worth $149,000 after acquiring an additional 941 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group increased their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Piper Sandler upped their price objective on shares of Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. The Goldman Sachs Group lifted their target price on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday. Finally, Royal Bank Of Canada increased their price target on Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Price Performance

F opened at $13.62 on Friday. The firm has a 50-day moving average price of $12.79 and a 200-day moving average price of $11.78. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $13.97. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $54.27 billion, a price-to-earnings ratio of 11.74 and a beta of 1.60.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period last year, the firm earned $0.49 EPS. Ford Motor’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 7th were given a $0.15 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. Ford Motor’s payout ratio is 51.72%.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.