Ford Motor Company $F Stake Lowered by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its stake in Ford Motor Company by 64.9%, now holding 149,623 shares valued at approximately $1.5 million.
• Several institutional investors, including Vanguard Group and Pacer Advisors Inc., increased their holdings in Ford during the first quarter, indicating strong institutional interest in the company.
• Ford announced a quarterly dividend of $0.15 per share, with a yield of 5.3%, set to be paid on September 2nd, highlighting the company's commitment to returning value to shareholders.

BI Asset Management Fondsmaeglerselskab A S reduced its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 64.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,623 shares of the auto manufacturer's stock after selling 276,502 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Ford Motor were worth $1,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of F. Vanguard Group Inc. grew its holdings in shares of Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after acquiring an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after acquiring an additional 48,378,444 shares in the last quarter. Nuveen LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at $123,147,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock valued at $1,404,741,000 after acquiring an additional 10,947,527 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock valued at $222,872,000 after acquiring an additional 10,535,335 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on F. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Dbs Bank cut shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Finally, Piper Sandler upped their price objective on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Ford Motor currently has an average rating of "Reduce" and an average price target of $10.53.

Ford Motor Stock Down 1.3%

F stock opened at $11.3350 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $11.97. The company has a 50-day moving average of $11.20 and a two-hundred day moving average of $10.33. The stock has a market capitalization of $45.11 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 3.32 and a beta of 1.48.

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

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend payout ratio is 76.92%.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by company 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.

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