RD Finance Ltd Makes New $2.91 Million Investment in Ford Motor Company (NYSE:F)

Key Points

• RD Finance Ltd acquired a new stake in Ford Motor Company, purchasing 290,000 shares valued at approximately $2.9 million, representing about 2.3% of its total holdings.
• Recent reports from brokerages indicate that Ford’s price target has been raised, with UBS Group increasing it from $9.00 to $11.00 while maintaining a "neutral" rating.
• Insider Andrew Frick sold 30,000 shares of Ford stock for $330,000, decreasing his ownership by 20.84%, which highlights ongoing insider transactions amid the company's fluctuating stock performance.

RD Finance Ltd acquired a new stake in Ford Motor Company (NYSE:F - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 290,000 shares of the auto manufacturer's stock, valued at approximately $2,909,000. Ford Motor makes up about 2.3% of RD Finance Ltd's holdings, making the stock its 9th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust boosted its holdings in Ford Motor by 289.1% in the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,882 shares during the last quarter. Elite Financial Inc. bought a new stake in Ford Motor in the first quarter valued at approximately $27,000. Olde Wealth Management LLC acquired a new position in Ford Motor in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new position in Ford Motor in the first quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC acquired a new position in Ford Motor in the fourth quarter valued at approximately $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

F traded down $0.26 during trading on Friday, reaching $10.82. 59,907,140 shares of the company were exchanged, compared to its average volume of 102,860,000. The company's 50-day moving average is $10.91 and its two-hundred day moving average is $10.21. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 3.19 and a beta of 1.49. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $11.97.

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 for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. The company had revenue of $50.18 billion for the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.49% and a net margin of 1.70%. Ford Motor's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.47 EPS. Research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Monday, August 11th. Ford Motor's payout ratio is 48.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on F shares. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Wolfe Research upgraded Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Citigroup upped their price objective on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Piper Sandler upped their price objective on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a research note on Thursday. Finally, Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $10.40.

Insider Buying and Selling

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred 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 transaction, the insider directly owned 113,939 shares of the company's stock, valued at $1,253,329. The trade was a 20.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by company 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.