Patton Fund Management Inc. Sells 105,266 Shares of Ford Motor Company $F

Patton Fund Management Inc. reduced its holdings in shares of Ford Motor Company (NYSE:F) by 27.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 279,723 shares of the auto manufacturer’s stock after selling 105,266 shares during the quarter. Patton Fund Management Inc.’s holdings in Ford Motor were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in F. Grove Bank & Trust lifted its holdings in Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. bought a new position in shares of Ford Motor in the fourth quarter valued at about $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor in the fourth quarter valued at about $26,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth about $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in shares of Ford Motor during the 4th quarter worth about $29,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on F. TD Cowen decreased their price target on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday. Wall Street Zen upgraded Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. The Goldman Sachs Group increased their price objective on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, UBS Group lifted their target price on Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $14.70.

Ford Motor Trading Down 0.1%

F opened at $14.11 on Monday. Ford Motor Company has a twelve month low of $10.68 and a twelve month high of $17.78. The company has a 50-day simple moving average of $13.88 and a 200 day simple moving average of $13.36. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $56.22 billion, a price-to-earnings ratio of -9.10, a P/E/G ratio of 0.31 and a beta of 1.79.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Analysts predict that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.