OLD National Bancorp IN Raises Stock Holdings in Ford Motor (NYSE:F)

OLD National Bancorp IN lifted its position in shares of Ford Motor (NYSE:F - Free Report) by 12.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 684,885 shares of the auto manufacturer's stock after buying an additional 75,274 shares during the quarter. OLD National Bancorp IN's holdings in Ford Motor were worth $6,869,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC lifted its position in shares of Ford Motor by 13.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 588,667 shares of the auto manufacturer's stock valued at $5,904,000 after acquiring an additional 70,845 shares during the period. Wedmont Private Capital lifted its position in shares of Ford Motor by 106.6% during the 1st quarter. Wedmont Private Capital now owns 30,659 shares of the auto manufacturer's stock valued at $286,000 after acquiring an additional 15,822 shares during the period. UMB Bank n.a. lifted its position in shares of Ford Motor by 8.9% during the 1st quarter. UMB Bank n.a. now owns 19,178 shares of the auto manufacturer's stock valued at $192,000 after acquiring an additional 1,574 shares during the period. Cranbrook Wealth Management LLC lifted its position in shares of Ford Motor by 150.1% during the 1st quarter. Cranbrook Wealth Management LLC now owns 17,262 shares of the auto manufacturer's stock valued at $173,000 after acquiring an additional 10,361 shares during the period. Finally, Pines Wealth Management LLC lifted its position in shares of Ford Motor by 15.3% during the 1st quarter. Pines Wealth Management LLC now owns 38,904 shares of the auto manufacturer's stock valued at $390,000 after acquiring an additional 5,156 shares during the period. Institutional investors own 58.74% of the company's stock.

Ford Motor Price Performance

F traded up $0.26 on Tuesday, reaching $10.60. The company had a trading volume of 87,871,817 shares, compared to its average volume of 79,459,747. The business has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $9.98. The company has a market cap of $42.13 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business's revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.66%. The ex-dividend date was Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. UBS Group reduced their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Citigroup increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and reduced their price target for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Finally, Evercore ISI cut their target price on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $10.03.

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.