Aberdeen Group plc Reduces Stock Position in Ford Motor Company $F

Aberdeen Group plc reduced its position in Ford Motor Company (NYSE:F) by 2.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,401,115 shares of the auto manufacturer’s stock after selling 193,230 shares during the period. Aberdeen Group plc owned approximately 0.19% of Ford Motor worth $88,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer’s stock worth $5,015,369,000 after purchasing an additional 4,585,636 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 3.7% in the second 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Ford Motor by 17.9% in the second 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 during the period. Norges Bank purchased a new position in shares of Ford Motor during the 2nd quarter valued at about $405,328,000. Finally, Legal & General Group Plc grew its stake in shares of Ford Motor by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 34,301,362 shares of the auto manufacturer’s stock valued at $372,170,000 after acquiring an additional 1,104,139 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on F. Citigroup lifted their price target on shares of Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. UBS Group upped their target price on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Wells Fargo & Company raised their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Friday, October 24th. HSBC upped their price objective on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.02.

Ford Motor Price Performance

Shares of F stock opened at $14.10 on Monday. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The company has a market capitalization of $56.16 billion, a PE ratio of -6.84, a price-to-earnings-growth ratio of 0.34 and a beta of 1.66. The firm’s 50-day moving average is $13.62 and its two-hundred day moving average is $12.68. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.50.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The company had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. Analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio is currently -29.13%.

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.