The Vanguard Group, Inc. recently announced the acquisition of new stake in Ford Motor Co. (NYSE:F). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.22% to 322.77 million shares with purchase of 0.69 million shares. This fresh investment now brings its stake to 8.21% valued currently at $3.93 billion. In addition, BlackRock Fund Advisors raised its holdings by 4.5 million to 202.63 million shares. And Charles Schwab Investment Managem has lifted its position by 3.14% or 2.66 million shares – to 87.39 million shares.
Currently, there are 4.00B common shares owned by the public and among those 3.93B shares have been available to trade.
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Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 47 of these insider trades were purchases, accounting for 2,654,286 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 1,139,110 shares.
The top 3 mutual fund holders in Ford Motor Co. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Schwab US Dividend Equity ETF. Vanguard Total Stock Market ETF owns 123.35 million shares of the company’s stock, all valued at over $1.5 billion. The company bought an additional 0.1 million shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund bought 0.17 million shares to see its total holdings expand to 96.01 million shares valued at over $1.17 billion and representing 2.44% of the shares outstanding. Schwab US Dividend Equity ETF bought 82058.0 shares to bring its total holdings to over 61.99 million shares at a value of $755.68 million. Schwab US Dividend Equity ETF now owns shares totaling to 1.58% of the shares outstanding.
However, the script later moved the day high at 11.50, up 0.44%. The company’s stock has a 5-day price change of 1.70% and -1.30% over the past three months. F shares are trading -6.56% year to date (YTD), with the 12-month market performance down to -6.44% lower. It has a 12-month low price of $9.63 and touched a high of $15.42 over the same period. F has an average intraday trading volume of 55.11 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.23%, 1.39%, and -6.51% respectively.
Institutional ownership of Ford Motor Co. (NYSE: F) shares accounts for 54.84% of the company’s 4.00B shares outstanding. Mutual fund holders own 26.59%, while other institutional holders and individual stakeholders account for 29.45% and 1.14% respectively.
It has a market capitalization of $45.59B and a beta (3y monthly) value of 1.63. The stock’s trailing 12-month PE ratio is 7.47, while the earnings-per-share (ttm) stands at $1.52. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.64% over the week and 2.44% over the month.
Analysts forecast that Ford Motor Co. (F) will achieve an EPS of $0.12 for the current quarter, $0.4 for the next quarter and $1.61 for 2024. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.2. Comparatively, EPS for the current quarter was $0.51 a year ago. Earnings per share for the fiscal year are expected to decrease by -0.60%, and -3.43% over the next financial year.
Looking at the support for the F, a number of firms have released research notes about the stock. Redburn Atlantic stated their Sell rating for the stock in a research note on January 24, 2024, with the firm’s price target at $10.
