Aberdeen Group plc Boosts Stake in Ford Motor Company $F

Key Points

• Aberdeen Group plc significantly increased its holdings in Ford Motor Company by 150.6%, acquiring over 4.3 million additional shares, bringing its total ownership to approximately 7.26 million shares valued at around $72.17 million.
• Ford Motor's latest earnings report exceeded expectations, with an EPS of $0.37 compared to estimates of $0.33, and revenue of $50.18 billion, up 5% year-over-year.
• The company declared a quarterly dividend of $0.15 per share, contributing to an annualized yield of 5.2%, with a payout ratio currently at 76.92%.

Aberdeen Group plc increased its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 150.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,264,106 shares of the auto manufacturer's stock after purchasing an additional 4,365,125 shares during the quarter. Aberdeen Group plc owned approximately 0.18% of Ford Motor worth $72,169,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sagespring Wealth Partners LLC purchased a new position in Ford Motor during the 4th quarter valued at approximately $212,000. Belpointe Asset Management LLC grew its holdings in Ford Motor by 13.7% during the 4th quarter. Belpointe Asset Management LLC now owns 27,262 shares of the auto manufacturer's stock valued at $270,000 after buying an additional 3,292 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Ford Motor by 3.7% in the 4th quarter. Guggenheim Capital LLC now owns 536,076 shares of the auto manufacturer's stock worth $5,307,000 after purchasing an additional 19,365 shares during the period. Jump Financial LLC boosted its holdings in shares of Ford Motor by 14.3% in the 4th quarter. Jump Financial LLC now owns 186,981 shares of the auto manufacturer's stock worth $1,851,000 after purchasing an additional 23,384 shares during the period. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Ford Motor by 357.4% in the 4th quarter. Evergreen Capital Management LLC now owns 56,325 shares of the auto manufacturer's stock worth $558,000 after purchasing an additional 44,010 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. The Goldman Sachs Group lifted their target price on Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Piper Sandler boosted their price objective on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Finally, Royal Bank Of Canada boosted their price objective on Ford Motor from $10.00 to $11.00 and gave the company a "sector perform" rating in a report on Tuesday, August 5th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $10.53.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by company insiders.

Ford Motor Stock Up 1.1%

Shares of F stock traded up $0.1250 during mid-day trading on Tuesday, hitting $11.5850. The stock had a trading volume of 49,254,843 shares, compared to its average volume of 99,512,305. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The firm has a market capitalization of $46.11 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 3.30 and a beta of 1.48. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $11.97. The firm's 50-day moving average is $11.15 and its two-hundred day moving average is $10.31.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. On average, analysts predict that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend 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.