abrdn plc Has $20.16 Million Position in Ford Motor (NYSE:F)

abrdn plc raised its stake in shares of Ford Motor (NYSE:F) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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.

Several other institutional investors also recently modified their holdings of F. Sequoia Financial Advisors LLC grew its position in shares of Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the period. Pearl River Capital LLC lifted its stake in Ford Motor by 174.2% in the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after acquiring an additional 211,037 shares in the last quarter. TIAA Trust National Association bought a new stake in Ford Motor in the 3rd quarter valued at approximately $1,104,000. Mackenzie Financial Corp lifted its stake in Ford Motor by 110.5% in the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after acquiring an additional 367,977 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in Ford Motor by 616.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after acquiring an additional 258,920 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of F stock opened at $12.95 on Wednesday. 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 has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a market cap of $51.44 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.96 and a beta of 1.63. The business has a fifty day simple moving average of $12.59 and a 200 day simple moving average of $11.77.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, sell-side analysts forecast that Ford Motor will post 1.89 EPS for the current fiscal year.

Ford Motor Dividend Announcement

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

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. 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 note on Tuesday, February 13th. Piper Sandler began coverage on Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Redburn Atlantic began coverage on Ford Motor in a research note on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Barclays upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Citigroup upped their price objective on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.82.

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.