abrdn plc Raises Holdings in Ford Motor (NYSE:F)

abrdn plc grew its position in shares of Ford Motor (NYSE:F) by 53.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,653,673 shares of the auto manufacturer’s stock after buying an additional 574,916 shares during the quarter. abrdn plc’s holdings in Ford Motor were worth $20,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new position in Ford Motor in the fourth quarter worth about $40,000. Greenleaf Trust grew its position in Ford Motor by 3.4% in the fourth quarter. Greenleaf Trust now owns 70,772 shares of the auto manufacturer’s stock worth $863,000 after acquiring an additional 2,317 shares in the last quarter. Naples Money Management LLC purchased a new position in Ford Motor in the fourth quarter worth about $58,000. Bigelow Investment Advisors LLC grew its position in Ford Motor by 4.9% in the fourth quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock worth $236,000 after acquiring an additional 908 shares in the last quarter. Finally, Redmont Wealth Advisors LLC grew its position in Ford Motor by 14.3% in the fourth quarter. Redmont Wealth Advisors LLC now owns 48,332 shares of the auto manufacturer’s stock worth $589,000 after acquiring an additional 6,048 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.80% of the stock is owned by company insiders.

Ford Motor Stock Up 0.5 %

Shares of NYSE:F opened at $12.95 on Wednesday. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The stock has a market cap of $51.44 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 0.96 and a beta of 1.63. The business’s 50 day moving average is $12.59 and its 200 day moving average is $11.77. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. Ford Motor’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts predict that Ford Motor will post 1.89 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a yield of 4.7%. Ford Motor’s dividend payout ratio is currently 55.56%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on F shares. Morgan Stanley boosted their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Tuesday, February 13th. Barclays upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Redburn Atlantic assumed coverage on Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price on the stock. Citigroup upped their target price on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $13.82.

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.