Patriot Financial Group Insurance Agency LLC Acquires 1,724 Shares of Ford Motor Company $F

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Ford Motor Company (NYSE:F) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 54,862 shares of the auto manufacturer’s stock after buying an additional 1,724 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Ford Motor were worth $595,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Wedmont Private Capital grew its position in Ford Motor by 3.0% during the second quarter. Wedmont Private Capital now owns 31,593 shares of the auto manufacturer’s stock valued at $374,000 after buying an additional 934 shares during the period. Meriwether Wealth & Planning LLC boosted its position in shares of Ford Motor by 6.9% in the second quarter. Meriwether Wealth & Planning LLC now owns 15,186 shares of the auto manufacturer’s stock worth $165,000 after purchasing an additional 985 shares during the period. Atlas Capital Advisors Inc. boosted its position in shares of Ford Motor by 21.2% in the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock worth $57,000 after purchasing an additional 989 shares during the period. City Holding Co. boosted its position in shares of Ford Motor by 47.8% in the second quarter. City Holding Co. now owns 3,090 shares of the auto manufacturer’s stock worth $34,000 after purchasing an additional 1,000 shares during the period. Finally, Childress Capital Advisors LLC boosted its position in shares of Ford Motor by 6.2% in the second quarter. Childress Capital Advisors LLC now owns 17,321 shares of the auto manufacturer’s stock worth $188,000 after purchasing an additional 1,006 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on F shares. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. UBS Group upped their price target on shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Piper Sandler upped their price target on shares of Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ford Motor in a research report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $10.71.

Ford Motor Price Performance

F stock opened at $12.66 on Friday. Ford Motor Company has a one year low of $8.44 and a one year high of $12.67. The company’s fifty day moving average price is $11.58 and its 200-day moving average price is $10.82. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.95 and a current ratio of 1.10. The company has a market capitalization of $50.39 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 3.64 and a beta of 1.53.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.33 by $0.04. The firm had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. Ford Motor’s dividend payout ratio is presently 76.92%.

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.