Abundance Wealth Counselors Buys 38,794 Shares of Ford Motor Company (NYSE:F)

Abundance Wealth Counselors lifted its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 32.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,919 shares of the auto manufacturer's stock after acquiring an additional 38,794 shares during the quarter. Abundance Wealth Counselors' holdings in Ford Motor were worth $1,594,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of F. Tallon Kerry Patrick purchased a new position in Ford Motor during the fourth quarter valued at approximately $116,000. Van ECK Associates Corp grew its holdings in shares of Ford Motor by 143.3% during the fourth quarter. Van ECK Associates Corp now owns 250,303 shares of the auto manufacturer's stock valued at $2,478,000 after buying an additional 147,409 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Ford Motor during the fourth quarter valued at $213,000. Sanctuary Advisors LLC grew its holdings in shares of Ford Motor by 22.2% during the fourth quarter. Sanctuary Advisors LLC now owns 507,339 shares of the auto manufacturer's stock valued at $5,155,000 after buying an additional 92,202 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in Ford Motor by 4.5% during the fourth quarter. CIBC Asset Management Inc now owns 595,488 shares of the auto manufacturer's stock valued at $5,895,000 after purchasing an additional 25,859 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $10.43 on Friday. The firm has a market cap of $41.46 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.89 and a beta of 1.50. Ford Motor Company has a one year low of $8.44 and a one year high of $14.85. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13. The firm's 50 day moving average price is $10.22 and its 200-day moving average price is $9.96.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. The company had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm's quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. As a group, equities research analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio is presently 48.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Ford Motor from a "market perform" rating to an "underperform" rating and decreased their target price for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Piper Sandler upped their price objective on shares of Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Finally, Barclays increased their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $10.03.

Ford Motor Company Profile

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.

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