Patriot Financial Group Insurance Agency LLC Has $558,000 Stake in Ford Motor (NYSE:F)

Patriot Financial Group Insurance Agency LLC boosted its position in Ford Motor (NYSE:F) by 29.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,855 shares of the auto manufacturer’s stock after buying an additional 11,998 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Ford Motor were worth $558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of F. Olistico Wealth LLC bought a new stake in shares of Ford Motor during the second quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in Ford Motor in the 2nd quarter valued at $26,000. Quarry LP acquired a new stake in Ford Motor in the 2nd quarter valued at $27,000. Ridgewood Investments LLC acquired a new position in Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC acquired a new position in Ford Motor during the second quarter worth $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on F shares. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Wolfe Research initiated coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price target on shares of Ford Motor in a report on Tuesday, September 10th. Finally, Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.48.

Ford Motor Stock Performance

NYSE F opened at $10.41 on Wednesday. The company has a market capitalization of $41.54 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.62. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85. The company has a 50-day simple moving average of $10.84 and a 200 day simple moving average of $11.65.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, research analysts predict that Ford Motor will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.77%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is 61.86%.

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.