Ford Motor Company $F Shares Acquired by Credit Agricole S A

Key Points

• Credit Agricole S A raised its stake in Ford Motor Company by 37.5%, now owning 1,970,498 shares valued at approximately $19.76 million, following other institutional investment increases in the company.
• Analysts have updated their ratings for Ford, with Piper Sandler raising its target price to $9.50 and Citigroup to $11.00, while the consensus target price is now $10.53.
• Ford Motor recently announced a quarterly dividend of $0.15 per share, representing an annual yield of 5.2%, with the ex-dividend date set for August 11th.

Credit Agricole S A raised its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 37.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,970,498 shares of the auto manufacturer's stock after acquiring an additional 537,713 shares during the quarter. Credit Agricole S A's holdings in Ford Motor were worth $19,764,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Grove Bank & Trust boosted its position in shares of 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. acquired a new stake in shares of Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC acquired a new stake in shares of Ford Motor in the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of Ford Motor in the 1st quarter valued at about $30,000. Finally, Spurstone Advisory Services LLC acquired a new stake in shares of Ford Motor in the 4th quarter valued at about $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on F shares. Piper Sandler upped their target price on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Dbs Bank cut Ford Motor from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 4th. Citigroup upped their target price on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, The Goldman Sachs Group upped their target price 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 investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $10.53.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company's stock.

Ford Motor Stock Up 1.0%

F opened at $11.5750 on Wednesday. The business has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $10.32. 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 $46.07 billion, a PE ratio of 14.84, a P/E/G ratio of 3.31 and a beta of 1.48. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.97.

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, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The firm's revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. As a group, research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders 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 of this dividend is Monday, August 11th. Ford Motor's dividend payout ratio is 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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