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

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Ford Motor Company (NYSE:F) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,862 shares of the auto manufacturer’s stock after purchasing an additional 1,724 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Ford Motor were worth $595,000 as of its most recent SEC filing.

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

Ford Motor Stock Up 3.6%

F opened at $12.66 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 firm has a 50 day moving average price of $11.58 and a 200-day moving average price of $10.82. Ford Motor Company has a twelve month low of $8.44 and a twelve month high of $12.67. The stock has a market capitalization of $50.39 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.64 and a beta of 1.53.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.18 billion during the quarter, compared to analysts’ expectations of $42.91 billion. During the same period in the previous year, the company earned $0.47 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on F shares. Piper Sandler lifted their price target on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Ford Motor in a research report on Saturday, September 27th. Barclays lifted their price target on shares of Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Finally, UBS Group lifted their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor currently has an average rating of “Reduce” and an average target price of $10.71.

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.