Ford Motor Company $F Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of Ford Motor Company (NYSE:F) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,606,056 shares of the auto manufacturer’s stock after purchasing an additional 212,461 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ford Motor were worth $19,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Corsicana & Co. acquired a new stake in Ford Motor in the third quarter valued at approximately $25,000. Salomon & Ludwin LLC grew its holdings in Ford Motor by 86.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 1,083 shares during the last quarter. Capital A Wealth Management LLC grew its position in Ford Motor by 990.9% in the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 2,279 shares during the last quarter. Country Trust Bank acquired a new position in shares of Ford Motor in the second quarter valued at $27,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Ford Motor in the second quarter valued at about $30,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Price Performance

Shares of F opened at $14.12 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. The business’s fifty day moving average is $13.66 and its 200 day moving average is $12.73. The stock has a market cap of $56.26 billion, a P/E ratio of -6.85, a P/E/G ratio of 0.34 and a beta of 1.66. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.50.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. Sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio is currently -29.13%.

Analyst Ratings Changes

A number of research firms have commented on F. Evercore boosted their price target on shares of Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a research report on Monday, December 22nd. UBS Group raised their target price on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. HSBC increased their target price on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.02.

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.