Pallas Capital Advisors LLC Makes New Investment in Ford Motor Company $F

Pallas Capital Advisors LLC acquired a new stake in shares of Ford Motor Company (NYSE:F) during the second quarter, Holdings Channel reports. The firm acquired 35,503 shares of the auto manufacturer’s stock, valued at approximately $493,000.

Several other large investors also recently modified their holdings of F. MV Capital Management Inc. bought a new position in shares of Ford Motor during the 4th quarter worth approximately $25,000. McMillan Office Inc. acquired a new stake in Ford Motor in the 4th quarter valued at $26,000. Legacy Wealth Managment LLC ID boosted its stake in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. grew its position in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after acquiring an additional 837 shares during the period. Finally, Caldwell Trust Co raised its stake in Ford Motor by 605.8% during the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 2,175 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Price Performance

Shares of F stock opened at $14.48 on Thursday. The firm has a market cap of $57.76 billion, a price-to-earnings ratio of -7.75, a PEG ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock has a 50-day moving average price of $14.14 and a 200 day moving average price of $13.50.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 EPS. Research analysts expect that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio is currently -32.09%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on F. Piper Sandler lifted their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. UBS Group upped their target price on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the stock from $19.00 to $20.00 in a research report on Wednesday, July 29th. Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.68.

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.