DoubleLine ETF Adviser LP Takes Position in Ford Motor Company $F

Key Points

• DoubleLine ETF Adviser LP acquired 92,671 shares of Ford Motor Company for around $929,000 during the first quarter, reflecting growing institutional interest in the auto manufacturer.
• In its latest earnings report, Ford reported $0.37 earnings per share, exceeding analysts' expectations of $0.33, and a revenue of $50.18 billion, which surpassed the projected $42.91 billion.
• Ford recently declared a quarterly dividend of $0.15, with an annualized yield of 5.2%, indicating a commitment to returning value to shareholders amidst fluctuations in the market.

DoubleLine ETF Adviser LP bought a new position in shares of Ford Motor Company (NYSE:F - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 92,671 shares of the auto manufacturer's stock, valued at approximately $929,000.

Other institutional investors have also made changes to their positions in the company. Atlas Capital Advisors Inc. lifted its holdings in Ford Motor by 21.2% in the 1st quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer's stock worth $57,000 after buying an additional 989 shares in the last quarter. Kovack Advisors Inc. lifted its holdings in Ford Motor by 1.7% in the 1st quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer's stock worth $624,000 after buying an additional 1,035 shares in the last quarter. Partners Wealth Management LLC lifted its holdings in Ford Motor by 8.4% in the 1st quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer's stock worth $139,000 after buying an additional 1,082 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Ford Motor by 7.6% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 16,203 shares of the auto manufacturer's stock worth $163,000 after buying an additional 1,140 shares in the last quarter. Finally, Lineweaver Wealth Advisors LLC lifted its holdings in Ford Motor by 4.3% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 27,555 shares of the auto manufacturer's stock worth $276,000 after buying an additional 1,142 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.48% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on F. Dbs Bank lowered shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Barclays raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Piper Sandler raised their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Finally, UBS Group raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor has a consensus rating of "Reduce" and a consensus price target of $10.53.

Ford Motor Stock Performance

Shares of NYSE:F traded up $0.06 on Friday, reaching $11.74. 47,531,810 shares of the company's stock were exchanged, compared to its average volume of 48,778,584. The firm has a market capitalization of $46.70 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 3.38 and a beta of 1.52. Ford Motor Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.99. The business's 50-day moving average is $11.46 and its two-hundred day moving average is $10.52. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the prior year, the company earned $0.47 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor's payout ratio is 76.92%.

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.