Atlantic Union Bankshares Corp Purchases 7,278 Shares of Ford Motor (NYSE:F)

Atlantic Union Bankshares Corp raised its position in Ford Motor (NYSE:F) by 9.4% in the 4th quarter, Holdings Channel reports. The firm owned 84,630 shares of the auto manufacturer’s stock after buying an additional 7,278 shares during the period. Atlantic Union Bankshares Corp’s holdings in Ford Motor were worth $1,032,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Snider Financial Group boosted its holdings in Ford Motor by 100,345.2% during the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after purchasing an additional 219,586,336 shares during the last quarter. Norges Bank acquired a new stake in Ford Motor in the fourth quarter valued at $419,237,000. Moneta Group Investment Advisors LLC lifted its stake in Ford Motor by 81,406.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock valued at $351,241,000 after acquiring an additional 30,164,236 shares during the last quarter. Holocene Advisors LP acquired a new stake in Ford Motor in the second quarter valued at $53,665,000. Finally, Prudential Financial Inc. lifted its stake in Ford Motor by 61.2% in the first quarter. Prudential Financial Inc. now owns 8,968,152 shares of the auto manufacturer’s stock valued at $151,652,000 after acquiring an additional 3,404,530 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

F traded up $0.22 on Friday, reaching $13.28. The company had a trading volume of 61,846,366 shares, compared to its average volume of 50,385,792. The company has a market cap of $52.77 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 1.04 and a beta of 1.63. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The business has a 50 day simple moving average of $12.24 and a 200 day simple moving average of $11.71. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. As a group, sell-side analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were issued a $0.33 dividend. This represents a yield of 4.7%. The ex-dividend date was Thursday, February 15th. Ford Motor’s dividend payout ratio (DPR) is currently 55.56%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. UBS Group downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, January 17th. Citigroup raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, BNP Paribas downgraded shares of Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.75.

Insider Activity at Ford Motor

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.

About Ford Motor

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.