Voleon Capital Management LP Purchases 442,504 Shares of Ford Motor Company $F

Key Points

• Voleon Capital Management LP significantly increased its stake in Ford Motor Company by 284.8%, acquiring 442,504 additional shares, bringing its total holdings to 597,854 shares valued at approximately $5.99 million.
• Ford recently reported a quarterly earnings per share (EPS) of $0.37, exceeding the expected $0.33 EPS, and had a revenue of $50.18 billion, which was substantially above analysts' forecasts of $42.91 billion.
• Ford Motor has announced a quarterly dividend of $0.15 per share, yielding 5.1%, with an annualized payout that demonstrates a dividend payout ratio of 76.92%.

Voleon Capital Management LP lifted its stake in Ford Motor Company (NYSE:F - Free Report) by 284.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 597,854 shares of the auto manufacturer's stock after purchasing an additional 442,504 shares during the quarter. Voleon Capital Management LP's holdings in Ford Motor were worth $5,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in F. Tounjian Advisory Partners LLC bought a new position in shares of Ford Motor during the 1st quarter valued at $974,000. FORA Capital LLC purchased a new stake in shares of Ford Motor during the first quarter valued at $7,398,000. Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of Ford Motor by 25.0% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer's stock valued at $3,009,000 after acquiring an additional 60,000 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Ford Motor in the first quarter worth approximately $2,373,000. Finally, Abundance Wealth Counselors increased its position in shares of Ford Motor by 32.6% during the first quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock worth $1,594,000 after purchasing an additional 38,794 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Ford Motor Stock Down 1.6%

Ford Motor stock traded down $0.19 during trading hours on Tuesday, hitting $11.50. The company had a trading volume of 41,222,076 shares, compared to its average volume of 46,502,780. The firm has a market capitalization of $45.77 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 3.36 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 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's fifty day moving average is $11.47 and its 200-day moving average is $10.54.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were given a $0.15 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. Ford Motor's dividend payout ratio is currently 76.92%.

Insider Activity at Ford Motor

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

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.