PNC Financial Services Group Inc. Has $11.35 Million Stock Holdings in Ford Motor (NYSE:F)

PNC Financial Services Group Inc. reduced its holdings in Ford Motor (NYSE:FFree Report) by 15.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 931,353 shares of the auto manufacturer’s stock after selling 169,139 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ford Motor were worth $11,353,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,839 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in Ford Motor during the third quarter worth $27,000. Provence Wealth Management Group bought a new stake in Ford Motor in the third quarter valued at $31,000. Headinvest LLC bought a new position in shares of Ford Motor during the 3rd quarter worth about $31,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Ford Motor in the 3rd quarter valued at about $32,000. 58.74% of the stock is owned by institutional investors.

Insider Activity

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.

Ford Motor Stock Performance

NYSE F opened at $12.04 on Thursday. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a fifty day moving average of $12.62 and a 200-day moving average of $11.93. The company has a market capitalization of $48.05 billion, a P/E ratio of 12.41, a P/E/G ratio of 0.80 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:FGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the business earned $0.63 earnings per share. The business’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts predict that Ford Motor will post 1.97 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on F shares. UBS Group upped their price target on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Piper Sandler assumed coverage on Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Morgan Stanley boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Barclays raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.74.

Read Our Latest Report on F

Ford Motor Company 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.

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

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