Atlantic Union Bankshares Corp Buys 52,045 Shares of Ford Motor (NYSE:F)

Atlantic Union Bankshares Corp boosted its stake in Ford Motor (NYSE:F - Free Report) by 361.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,463 shares of the auto manufacturer's stock after purchasing an additional 52,045 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Ford Motor were worth $1,006,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of F. Aspire Private Capital LLC acquired a new position in shares of Ford Motor during the first quarter valued at about $15,783,781,000. Tanglewood Legacy Advisors LLC acquired a new position in shares of Ford Motor during the first quarter valued at about $25,000. Milestone Investment Advisors LLC acquired a new position in shares of Ford Motor during the first quarter valued at about $27,000. Fairfield Bush & CO. acquired a new position in shares of Ford Motor during the first quarter valued at about $37,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Ford Motor during the first quarter valued at about $28,000. 52.73% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of F stock opened at $12.33 on Tuesday. The firm's 50-day simple moving average is $12.91 and its two-hundred day simple moving average is $12.74. Ford Motor has a 52 week low of $10.90 and a 52 week high of $15.42. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.03 and a current ratio of 1.20. The firm has a market cap of $49.35 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.86 and a beta of 1.61.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Thursday, July 27th. The auto manufacturer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.21. Ford Motor had a net margin of 2.44% and a return on equity of 20.48%. The company had revenue of $44.95 billion for the quarter, compared to analyst estimates of $43.17 billion. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company's quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Ford Motor will post 2.11 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, July 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Monday, July 24th. Ford Motor's dividend payout ratio (DPR) is currently 58.82%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and set a $16.00 price objective on shares of Ford Motor in a report on Tuesday, August 1st. Citigroup raised their price target on shares of Ford Motor from $16.00 to $17.00 in a research report on Wednesday, July 12th. Wells Fargo & Company raised their price target on shares of Ford Motor from $10.00 to $11.00 in a research report on Monday, July 10th. JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an "overweight" rating in a research report on Friday, July 28th. Finally, Barclays raised their price target on shares of Ford Motor from $13.00 to $14.00 in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.50.

About Ford Motor

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.

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