Principal Financial Group Inc. Sells 48,320 Shares of Ford Motor Company $F

Principal Financial Group Inc. lessened its position in Ford Motor Company (NYSE:FFree Report) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,244,638 shares of the auto manufacturer’s stock after selling 48,320 shares during the quarter. Principal Financial Group Inc. owned approximately 0.11% of Ford Motor worth $50,766,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Ford Motor in the second quarter worth $405,328,000. Marshall Wace LLP increased its stake in Ford Motor by 712.7% in the 2nd quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock valued at $212,361,000 after buying an additional 17,164,234 shares during the last quarter. Geode Capital Management LLC lifted its position in Ford Motor by 17.9% during the 2nd quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock worth $1,122,434,000 after buying an additional 15,748,694 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Ford Motor by 32.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock worth $318,365,000 after buying an additional 7,238,424 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Ford Motor by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer’s stock worth $1,575,118,000 after buying an additional 5,118,228 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Key Stories Impacting Ford Motor

Here are the key news stories impacting Ford Motor this week:

Analyst Upgrades and Downgrades

F has been the topic of a number of recent research reports. UBS Group lifted their target price on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Piper Sandler raised Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $11.00 to $16.00 in a research report on Thursday, January 8th. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. TD Cowen raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Finally, Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.19.

Get Our Latest Research Report on Ford Motor

Ford Motor Stock Up 0.7%

Ford Motor stock opened at $13.82 on Thursday. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $14.50. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The firm’s 50-day simple moving average is $13.52 and its 200 day simple moving average is $12.54. The stock has a market cap of $55.07 billion, a PE ratio of 11.91, a price-to-earnings-growth ratio of 5.80 and a beta of 1.66.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s dividend payout ratio is presently 51.72%.

Ford Motor Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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