AG2R LA Mondiale Gestion D Actifs Acquires Shares of 173,426 Ford Motor Company $F

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired 173,426 shares of Ford Motor Company, valued at approximately $1.8 million, in the first quarter of 2023.
• Insider Andrew Frick sold 30,000 shares of Ford at an average price of $11.00, representing a significant decrease of 20.84% in their holdings.
• Several analysts have increased their price targets for Ford, with UBS raising it to $11.00, while the average target is currently at $10.53.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Ford Motor Company (NYSE:F - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 173,426 shares of the auto manufacturer's stock, valued at approximately $1,800,000.

Other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust grew its stake in Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after purchasing an additional 1,882 shares during the period. Elite Financial Inc. bought a new position in Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC bought a new position in shares of Ford Motor during the 1st quarter worth $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor during the 1st quarter worth $30,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Ford Motor during the 4th quarter worth $31,000. Institutional investors own 58.74% of the company's stock.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the firm's 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 sale, the insider owned 113,939 shares of the company's stock, valued at $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group increased their price target on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Piper Sandler increased their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Jefferies Financial Group increased their price target on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research note on Monday, August 11th. Finally, Dbs Bank downgraded Ford Motor from a "hold" rating to a "moderate sell" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of "Reduce" and an average price target of $10.53.

Ford Motor Stock Down 0.7%

Shares of NYSE F opened at $11.68 on Friday. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99. The business has a 50-day simple moving average of $11.47 and a two-hundred day simple moving average of $10.59. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a market cap of $46.48 billion, a P/E ratio of 14.97, a P/E/G ratio of 3.38 and a beta of 1.52.

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

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. 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 dividend payout ratio (DPR) is presently 76.92%.

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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