AR Asset Management Inc. Purchases New Position in Ford Motor Company $F

Key Points

• AR Asset Management Inc. has acquired 104,390 shares of Ford Motor Company, valued at around $1,047,000, during the first quarter of 2023.
• Several institutional investors, including Vanguard Group and Pacer Advisors, have significantly increased their holdings in Ford, contributing to a total institutional ownership of 58.74%.
• Ford recently declared a $0.15 quarterly dividend, translating to a 5.2% annualized yield, with the ex-dividend date set for August 11, 2023.

AR Asset Management Inc. acquired a new position in Ford Motor Company (NYSE:F - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 104,390 shares of the auto manufacturer's stock, valued at approximately $1,047,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sagespring Wealth Partners LLC acquired a new position in Ford Motor during the fourth quarter worth $212,000. Belpointe Asset Management LLC increased its holdings in shares of 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 acquiring an additional 3,292 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Ford Motor by 3.7% during the 4th quarter. Guggenheim Capital LLC now owns 536,076 shares of the auto manufacturer's stock valued at $5,307,000 after acquiring an additional 19,365 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Ford Motor by 14.3% during the 4th quarter. Jump Financial LLC now owns 186,981 shares of the auto manufacturer's stock valued at $1,851,000 after acquiring an additional 23,384 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Ford Motor by 357.4% during the 4th quarter. Evergreen Capital Management LLC now owns 56,325 shares of the auto manufacturer's stock valued at $558,000 after acquiring an additional 44,010 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of F stock traded up $0.1150 during trading hours on Tuesday, reaching $11.5750. The company's stock had a trading volume of 57,951,462 shares, compared to its average volume of 99,579,633. 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 Company has a fifty-two week low of $8.44 and a fifty-two week high of $11.97. The company has a market capitalization of $46.07 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.30 and a beta of 1.48. The firm's 50 day simple moving average is $11.15 and its 200-day simple moving average is $10.31.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. Ford Motor's revenue was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current 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 issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend payout ratio is presently 76.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada lifted 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. UBS Group lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Jefferies Financial Group lifted their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group lifted their price objective on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, May 6th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $10.53.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on 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 $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

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.