UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Lowers Stock Position in Ford Motor Company $F

Key Points

• UBS Asset Management reduced its stake in Ford Motor Company by 3.0%, now holding 28,749,427 shares valued at approximately $288.4 million.
• Several hedge funds increased their positions in Ford, with Generali Investments growing its stake by 25.0% and other funds making new purchases totaling millions in investment.
• Equities analysts have varying projections for Ford's stock, with target prices ranging from $9.00 to $13.00, but the consensus rating is "Reduce" with a price target of $10.53.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC cut its holdings in shares of Ford Motor Company (NYSE:F - Free Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,749,427 shares of the auto manufacturer's stock after selling 892,962 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.73% of Ford Motor worth $288,357,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Tounjian Advisory Partners LLC purchased a new position in shares of Ford Motor during the first quarter worth approximately $974,000. FORA Capital LLC purchased a new position in shares of Ford Motor during the first quarter worth approximately $7,398,000. Generali Investments CEE investicni spolecnost a.s. grew its position 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 worth $3,009,000 after acquiring an additional 60,000 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of Ford Motor during the first quarter worth approximately $2,373,000. Finally, Abundance Wealth Counselors grew 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 acquiring an additional 38,794 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on F shares. UBS Group raised their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Piper Sandler increased their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Jefferies Financial Group increased their price target on Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. raised their target price on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Two equities research 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $10.53.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated 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 sale, the insider owned 113,939 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 0.48% of the company's stock.

Ford Motor Trading Down 0.5%

NYSE:F opened at $11.44 on Thursday. The company has a market capitalization of $45.51 billion, a PE ratio of 14.66, a price-to-earnings-growth ratio of 3.30 and a beta of 1.52. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $11.99. The stock has a fifty day simple moving average of $11.47 and a 200-day simple moving average of $10.55.

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, topping the consensus estimate of $0.33 by $0.04. The business 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 business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.47 EPS. On average, equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a dividend of $0.15 per share. 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 payout ratio is presently 76.92%.

Ford Motor 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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