MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Ford Motor Company $F

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ford Motor Company by 155.2%, owning a total of 2,376,611 shares valued at approximately $23.8 million.
• Multiple hedge funds, including Grove Bank & Trust, have also significantly boosted their positions in Ford, reflecting growing institutional interest in the company.
• Ford recently reported $0.37 earnings per share for the last quarter, exceeding estimates and showing a 5% year-over-year revenue increase to $50.18 billion.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ford Motor Company (NYSE:F - Free Report) by 155.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,376,611 shares of the auto manufacturer's stock after acquiring an additional 1,445,378 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Ford Motor worth $23,837,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in F. Grove Bank & Trust boosted its holdings 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 last quarter. Elite Financial Inc. acquired a new position in shares of Ford Motor in the 1st quarter valued at $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at about $30,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 58.74% of the company's stock.

Insider Transactions 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 stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, 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 document filed with the SEC, which is available through this hyperlink. 0.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on F shares. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Dbs Bank downgraded shares of Ford Motor from a "hold" rating to a "moderate sell" rating in a research report on Monday, August 4th. Barclays increased their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group upped their target price on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, 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. Two research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $10.53.

Ford Motor Stock Performance

Shares of F opened at $11.74 on Monday. The business's fifty day moving average price is $11.46 and its 200 day moving average price is $10.52. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $11.99. The stock has a market capitalization of $46.70 billion, a PE ratio of 15.05, a price-to-earnings-growth ratio of 3.38 and a beta of 1.52. 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 (NYSE:F - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (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 firm had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. During the same period last year, the business posted $0.47 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.47 EPS 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 paid a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor's dividend payout ratio (DPR) 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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