Aberdeen Group plc Trims Stake in Ford Motor Company $F

Aberdeen Group plc lowered its stake in Ford Motor Company (NYSE:F) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,323,552 shares of the auto manufacturer’s stock after selling 77,563 shares during the period. Aberdeen Group plc owned approximately 0.18% of Ford Motor worth $96,085,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caxton Associates LLP bought a new stake in Ford Motor in the 1st quarter worth approximately $304,000. Empowered Funds LLC increased its stake in Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Ford Motor by 2.9% during the second quarter. Mackenzie Financial Corp now owns 375,284 shares of the auto manufacturer’s stock valued at $4,072,000 after acquiring an additional 10,442 shares during the period. Schroder Investment Management Group lifted its position in shares of Ford Motor by 6.5% in the second quarter. Schroder Investment Management Group now owns 525,343 shares of the auto manufacturer’s stock valued at $5,700,000 after acquiring an additional 31,945 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in Ford Motor in the 2nd quarter valued at $1,017,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 0.1%

F opened at $11.59 on Friday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. Ford Motor Company has a one year low of $8.44 and a one year high of $14.80. The business’s 50-day simple moving average is $12.91 and its 200-day simple moving average is $12.92. The stock has a market capitalization of $46.22 billion, a P/E ratio of -5.62, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $45.89 billion for the quarter, compared to analyst estimates of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Analysts anticipate 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, March 2nd. Stockholders of record on Friday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Friday, February 13th. Ford Motor’s dividend payout ratio is -29.13%.

Insider Buying and Selling at Ford Motor

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the transaction, the insider directly owned 3,912,600 shares in the company, valued at approximately $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on F shares. JPMorgan Chase & Co. upped their price objective on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. TD Cowen upped their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Bank of America assumed coverage on Ford Motor in a report on Wednesday, March 4th. They set a “buy” rating and a $17.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Finally, Morgan Stanley raised their price objective on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $13.22.

Ford Motor Company Profile

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.