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Ford Motor Company (NYSE:F) Shares Acquired by PNC Financial Services Group Inc.

Ford Motor logo with Auto/Tires/Trucks background

Key Points

  • PNC Financial Services Group Inc. increased its holdings in Ford Motor Company by 8.9%, owning a total of 1,194,296 shares valued at approximately $11.98 million as per its recent SEC filing.
  • Ford recently reported $0.37 earnings per share for the last quarter, surpassing analyst expectations of $0.33, while generating revenues of $50.18 billion.
  • The company announced a quarterly dividend of $0.15 per share, with a yield of 5.4%, set to be paid on September 2nd to eligible shareholders.
  • Five stocks to consider instead of Ford Motor.

PNC Financial Services Group Inc. boosted its stake in Ford Motor Company (NYSE:F - Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,194,296 shares of the auto manufacturer's stock after purchasing an additional 97,193 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Ford Motor were worth $11,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Headland Capital LLC raised its stake in shares of Ford Motor by 15.0% during the first quarter. Headland Capital LLC now owns 14,806 shares of the auto manufacturer's stock valued at $149,000 after acquiring an additional 1,932 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Ford Motor in the first quarter valued at $538,000. Moors & Cabot Inc. raised its holdings in Ford Motor by 3.8% in the 1st quarter. Moors & Cabot Inc. now owns 46,537 shares of the auto manufacturer's stock worth $467,000 after purchasing an additional 1,696 shares in the last quarter. US Bancorp DE lifted its holdings in Ford Motor by 2.8% in the first quarter. US Bancorp DE now owns 275,788 shares of the auto manufacturer's stock worth $2,766,000 after buying an additional 7,607 shares during the period. Finally, Nicolet Advisory Services LLC grew its holdings in shares of Ford Motor by 15.3% during the 1st quarter. Nicolet Advisory Services LLC now owns 15,894 shares of the auto manufacturer's stock worth $145,000 after acquiring an additional 2,106 shares during the period. Hedge funds and other institutional investors own 58.74% of the company's stock.

Ford Motor Stock Performance

NYSE:F traded up $0.18 on Wednesday, reaching $11.24. 59,487,320 shares of the company's stock were exchanged, compared to its average volume of 69,519,240. Ford Motor Company has a 52 week low of $8.44 and a 52 week high of $11.97. The stock has a fifty day simple moving average of $10.94 and a 200-day simple moving average of $10.23. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The firm has a market cap of $44.68 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 3.21 and a beta of 1.48.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%. The business had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the prior year, the company posted $0.47 EPS. Ford Motor's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.3%. Ford Motor's payout ratio is currently 76.92%.

Insiders Place Their Bets

In other news, insider Andrew Frick sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on F. Citigroup increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. The Goldman Sachs Group boosted their price target on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and cut their price target for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $10.53.

Check Out Our Latest Report on Ford Motor

Ford Motor Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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