abrdn plc Sells 225,528 Shares of Ford Motor (NYSE:F)

abrdn plc lessened its stake in shares of Ford Motor (NYSE:F) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,898,981 shares of the auto manufacturer’s stock after selling 225,528 shares during the quarter. abrdn plc owned 0.07% of Ford Motor worth $28,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Algert Global LLC bought a new position in Ford Motor in the 2nd quarter valued at $214,000. Czech National Bank increased its stake in shares of Ford Motor by 6.5% in the 3rd quarter. Czech National Bank now owns 795,732 shares of the auto manufacturer’s stock valued at $8,403,000 after buying an additional 48,456 shares during the period. GAMMA Investing LLC increased its stake in shares of Ford Motor by 19.6% in the 3rd quarter. GAMMA Investing LLC now owns 44,300 shares of the auto manufacturer’s stock valued at $468,000 after buying an additional 7,256 shares during the period. Diversified Trust Co increased its stake in shares of Ford Motor by 27.0% in the 3rd quarter. Diversified Trust Co now owns 130,443 shares of the auto manufacturer’s stock valued at $1,377,000 after buying an additional 27,749 shares during the period. Finally, Brookstone Capital Management increased its stake in shares of Ford Motor by 8.5% in the 3rd quarter. Brookstone Capital Management now owns 955,129 shares of the auto manufacturer’s stock valued at $10,086,000 after buying an additional 75,193 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Ford Motor stock opened at $9.98 on Thursday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock’s 50 day moving average is $10.16 and its 200-day moving average is $10.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $39.65 billion, a price-to-earnings ratio of 11.34, a PEG ratio of 1.96 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. Equities research analysts expect that Ford Motor will post 1.78 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on F. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.82.

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.