Ford Motor Company $F Shares Acquired by Abundance Wealth Counselors

Abundance Wealth Counselors grew its position in Ford Motor Company (NYSE:F) by 3.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 163,022 shares of the auto manufacturer’s stock after acquiring an additional 5,103 shares during the period. Abundance Wealth Counselors’ holdings in Ford Motor were worth $1,776,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of F. Vanguard Group Inc. raised its position in shares of Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares during the period. Pacer Advisors Inc. raised its position in shares of Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after acquiring an additional 48,378,444 shares during the period. Nuveen LLC acquired a new position in shares of Ford Motor in the first quarter worth about $123,147,000. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after buying an additional 10,947,527 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in Ford Motor by 150.6% during the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock worth $72,169,000 after buying an additional 4,365,125 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on F shares. UBS Group raised their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, July 14th. Jefferies Financial Group lifted their price target on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Piper Sandler lifted their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $10.57.

Ford Motor Price Performance

Shares of NYSE:F opened at $12.22 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.10 and a debt-to-equity ratio of 2.24. The company has a market cap of $48.61 billion, a P/E ratio of 15.66, a PEG ratio of 3.53 and a beta of 1.53. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $12.43. The company has a 50-day moving average price of $11.56 and a 200 day moving average price of $10.80.

Ford Motor (NYSE:F) 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. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor’s payout ratio is currently 76.92%.

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.