Orrstown Financial Services Inc. Purchases Shares of 22,569 Ford Motor Company $F

Key Points

• Orrstown Financial Services Inc. acquired 22,569 shares of Ford Motor Company for approximately $245,000 in the second quarter, indicating growing interest from institutional investors.
• Several analysts have upgraded their price targets for Ford, with Barclays and UBS increasing their targets to $11.00 and maintaining a "neutral" rating on the stock, which currently holds a consensus rating of "Reduce."
• Ford reported a net margin of 1.70% and a revenue increase of 5.0% year-over-year, while also declaring a quarterly dividend of $0.15 per share with a yield of 5.2%.

Orrstown Financial Services Inc. acquired a new position in shares of Ford Motor Company (NYSE:F - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,569 shares of the auto manufacturer's stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Ford Motor by 13.8% in the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after buying an additional 55,576,478 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Ford Motor by 8.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock valued at $1,404,741,000 after buying an additional 10,947,527 shares during the last quarter. Pacer Advisors Inc. grew its stake in Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after buying an additional 48,378,444 shares during the last quarter. Nuveen LLC acquired a new position in Ford Motor in the 1st quarter valued at about $123,147,000. Finally, National Pension Service grew its stake in Ford Motor by 4.5% in the 1st quarter. National Pension Service now owns 7,544,280 shares of the auto manufacturer's stock valued at $75,669,000 after buying an additional 324,136 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by company insiders.

Ford Motor Price Performance

NYSE:F traded up $0.09 on Tuesday, hitting $11.75. The company had a trading volume of 42,530,700 shares, compared to its average volume of 93,072,609. The stock has a market capitalization of $46.74 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 3.34 and a beta of 1.52. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The firm has a 50 day moving average of $11.45 and a two-hundred day moving average of $10.69. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.99.

Ford Motor (NYSE:F - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The firm had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. During the same period in the prior year, the company posted $0.47 EPS. The company's revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Monday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor's dividend payout ratio is 76.92%.

Analyst Ratings Changes

A number of research analysts have issued reports on F shares. Barclays increased their target price on shares of Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. Jefferies Financial Group increased their target price on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research report on Monday, August 11th. Piper Sandler increased their target price on shares of Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of "Reduce" and an average target price of $10.53.

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.