S&T Bank PA Sells 12,464 Shares of Ford Motor Company $F

S&T Bank PA decreased its holdings in Ford Motor Company (NYSE:F) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 269,560 shares of the auto manufacturer’s stock after selling 12,464 shares during the quarter. S&T Bank PA’s holdings in Ford Motor were worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of F. Trust Co. of Toledo NA OH purchased a new stake in Ford Motor in the second quarter worth about $25,000. Atlantic Union Bankshares Corp purchased a new position in shares of Ford Motor during the 2nd quarter worth approximately $30,000. WPG Advisers LLC bought a new position in shares of Ford Motor in the 1st quarter worth approximately $33,000. Rise Advisors LLC lifted its stake in shares of Ford Motor by 316.5% in the 1st quarter. Rise Advisors LLC now owns 3,303 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,510 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Ford Motor by 1,018.5% in the 2nd quarter. AlphaQuest LLC now owns 3,087 shares of the auto manufacturer’s stock valued at $33,000 after purchasing an additional 2,811 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $13.13 on Friday. The stock’s 50-day simple moving average is $12.11 and its 200-day simple moving average is $11.29. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $13.97. The company has a market capitalization of $52.30 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last released its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio is presently 51.72%.

Analysts Set New Price Targets

A number of research firms have issued reports on F. JPMorgan Chase & Co. increased their price objective on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. UBS Group raised their target price on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Piper Sandler boosted their price target on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $11.73.

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.