OLD National Bancorp IN Acquires 110,642 Shares of Ford Motor Company $F

OLD National Bancorp IN increased its holdings in Ford Motor Company (NYSE:F) by 16.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 795,527 shares of the auto manufacturer’s stock after acquiring an additional 110,642 shares during the quarter. OLD National Bancorp IN’s holdings in Ford Motor were worth $8,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Advisors Capital Management LLC grew its stake in shares of Ford Motor by 9.6% in the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock worth $126,000 after buying an additional 1,100 shares during the last quarter. Tounjian Advisory Partners LLC purchased a new stake in shares of Ford Motor in the first quarter worth $974,000. FORA Capital LLC bought a new position in shares of Ford Motor during the first quarter valued at $7,398,000. Generali Investments CEE investicni spolecnost a.s. increased its holdings in shares of Ford Motor by 25.0% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock valued at $3,009,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of Ford Motor in the 1st quarter worth about $465,000. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on F shares. The Goldman Sachs Group increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Jefferies Financial Group increased their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Monday, August 11th. Royal Bank Of Canada raised their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 5th. Barclays upped their price objective on 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, Piper Sandler lifted their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $10.71.

Ford Motor Stock Performance

Shares of F opened at $12.66 on Monday. The firm has a market capitalization of $50.39 billion, a P/E ratio of 16.23, a PEG ratio of 3.64 and a beta of 1.53. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a one year low of $8.44 and a one year high of $12.67. The business has a fifty day moving average of $11.58 and a 200 day moving average of $10.83.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analysts’ expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

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

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.