AIA Group Ltd Acquires 83,571 Shares of Ford Motor Company $F

AIA Group Ltd lifted its holdings in shares of Ford Motor Company (NYSE:F) by 60.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,639 shares of the auto manufacturer’s stock after purchasing an additional 83,571 shares during the quarter. AIA Group Ltd’s holdings in Ford Motor were worth $2,651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caxton Associates LLP bought a new position in shares of Ford Motor in the 1st quarter valued at $304,000. Empowered Funds LLC boosted its stake in Ford Motor by 41.6% in the first quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Ford Motor by 1.0% in the second quarter. Avantax Advisory Services Inc. now owns 284,694 shares of the auto manufacturer’s stock valued at $3,089,000 after acquiring an additional 2,793 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Ford Motor by 40.0% in the second quarter. Citizens Financial Group Inc. RI now owns 21,259 shares of the auto manufacturer’s stock valued at $231,000 after acquiring an additional 6,072 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in Ford Motor by 4.1% during the second quarter. Kingsview Wealth Management LLC now owns 118,669 shares of the auto manufacturer’s stock worth $1,288,000 after acquiring an additional 4,707 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Down 1.2%

NYSE:F opened at $11.65 on Friday. Ford Motor Company has a one year low of $8.44 and a one year high of $14.80. 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 cap of $46.46 billion, a PE ratio of -5.65, a P/E/G ratio of 0.27 and a beta of 1.65. The firm’s 50 day simple moving average is $13.39 and its 200 day simple moving average is $12.92.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $45.89 billion during the quarter, compared to analysts’ expectations 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 was down 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 EPS. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 5.2%. Ford Motor’s dividend payout ratio (DPR) is presently -29.13%.

Insider Activity at Ford Motor

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of Ford Motor stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the purchase, the insider owned 3,912,600 shares in the company, valued at $54,072,132. This trade represents a 3.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “sell” rating in a research note on Saturday, February 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 22nd. UBS Group raised their target price on shares of Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Evercore boosted their target price on shares of Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Monday, December 22nd. Finally, Bank of America initiated coverage on shares of Ford Motor in a report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price target for the company. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.29.

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.