Aberdeen Group plc Trims Stock Position in Ford Motor Company $F

Aberdeen Group plc cut its position in Ford Motor Company (NYSE:F) by 2.5% in the third quarter, Holdings Channel reports. The firm owned 7,401,115 shares of the auto manufacturer’s stock after selling 193,230 shares during the period. Aberdeen Group plc’s holdings in Ford Motor were worth $88,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its position in shares of Ford Motor by 1.3% during the third quarter. Capital Investment Advisors LLC now owns 64,112 shares of the auto manufacturer’s stock worth $767,000 after acquiring an additional 824 shares during the last quarter. Silverlake Wealth Management LLC boosted its stake in Ford Motor by 1.7% during the 3rd quarter. Silverlake Wealth Management LLC now owns 48,085 shares of the auto manufacturer’s stock worth $575,000 after purchasing an additional 827 shares during the period. Searle & CO. grew its position in Ford Motor by 2.1% during the 3rd quarter. Searle & CO. now owns 40,833 shares of the auto manufacturer’s stock worth $488,000 after purchasing an additional 833 shares during the last quarter. Perigon Wealth Management LLC increased its stake in Ford Motor by 2.4% in the third quarter. Perigon Wealth Management LLC now owns 35,686 shares of the auto manufacturer’s stock valued at $427,000 after purchasing an additional 851 shares during the period. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Ford Motor by 10.5% in the third quarter. Physician Wealth Advisors Inc. now owns 9,095 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 861 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of NYSE:F opened at $14.10 on Monday. The firm has a market capitalization of $56.16 billion, a price-to-earnings ratio of -6.84, a price-to-earnings-growth ratio of 0.34 and a beta of 1.66. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The business’s 50 day simple moving average is $13.62 and its 200-day simple moving average is $12.68. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.50.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The firm had revenue of $45.89 billion during the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.Ford Motor’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. As a group, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is -29.13%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on F shares. Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wells Fargo & Company increased their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. Barclays upped their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, UBS Group lifted their target price on shares of Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.02.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.