Parkside Financial Bank & Trust Acquires 999 Shares of Ford Motor (NYSE:F)

Parkside Financial Bank & Trust grew its holdings in shares of Ford Motor (NYSE:FGet Rating) by 15.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,345 shares of the auto manufacturer’s stock after purchasing an additional 999 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Ford Motor were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gateway Investment Advisers LLC raised its holdings in Ford Motor by 1.0% in the 2nd quarter. Gateway Investment Advisers LLC now owns 1,534,924 shares of the auto manufacturer’s stock worth $17,084,000 after acquiring an additional 15,919 shares during the period. Tsfg LLC raised its holdings in Ford Motor by 1.9% in the 2nd quarter. Tsfg LLC now owns 48,262 shares of the auto manufacturer’s stock worth $537,000 after acquiring an additional 879 shares during the period. ACG Wealth bought a new position in Ford Motor in the 2nd quarter worth $108,000. Mezzasalma Advisors LLC raised its holdings in Ford Motor by 0.3% in the 2nd quarter. Mezzasalma Advisors LLC now owns 295,117 shares of the auto manufacturer’s stock worth $3,285,000 after acquiring an additional 964 shares during the period. Finally, Allworth Financial LP raised its holdings in Ford Motor by 22.6% in the 2nd quarter. Allworth Financial LP now owns 77,859 shares of the auto manufacturer’s stock worth $867,000 after acquiring an additional 14,337 shares during the period. Institutional investors own 49.89% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on F shares. Citigroup dropped their target price on shares of Ford Motor from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, August 2nd. Benchmark decreased their price target on shares of Ford Motor to $23.00 in a research report on Tuesday, August 9th. The Goldman Sachs Group decreased their price target on shares of Ford Motor from $18.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 1st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ford Motor from $12.00 to $13.00 in a research report on Thursday, July 28th. Finally, Wells Fargo & Company decreased their price target on shares of Ford Motor from $12.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, July 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.28.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $12.77 on Friday. Ford Motor has a twelve month low of $10.61 and a twelve month high of $25.87. The firm has a market cap of $51.34 billion, a P/E ratio of 4.47, a price-to-earnings-growth ratio of 0.75 and a beta of 1.29. The firm’s 50-day simple moving average is $14.74 and its 200-day simple moving average is $14.28. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.00 and a current ratio of 1.16.

Ford Motor (NYSE:FGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.24. Ford Motor had a net margin of 7.86% and a return on equity of 16.91%. The firm had revenue of $37.91 billion during the quarter, compared to the consensus estimate of $35.17 billion. During the same period last year, the firm posted $0.13 EPS. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. As a group, research analysts expect that Ford Motor will post 2.09 EPS for the current fiscal year.

Ford Motor Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 11th were issued a dividend of $0.15 per share. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. This represents a $0.60 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend was Wednesday, August 10th. Ford Motor’s dividend payout ratio (DPR) is currently 20.98%.

Ford Motor Company Profile

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Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

Further Reading

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

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