Sovereign Financial Group Inc. Purchases 2,344 Shares of Ford Motor (NYSE:F)

Sovereign Financial Group Inc. grew its position in shares of Ford Motor (NYSE:F) by 7.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,903 shares of the auto manufacturer’s stock after buying an additional 2,344 shares during the period. Sovereign Financial Group Inc.’s holdings in Ford Motor were worth $340,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in Ford Motor during the 4th quarter worth $29,000. Flagship Wealth Advisors LLC bought a new position in shares of Ford Motor in the fourth quarter worth $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor in the fourth quarter worth $31,000. Spurstone Advisory Services LLC bought a new position in shares of Ford Motor in the fourth quarter worth $31,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Ford Motor in the fourth quarter worth $31,000. Institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on F. JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. TD Cowen assumed coverage on Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 target price on the stock. Wall Street Zen cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Wolfe Research upgraded Ford Motor from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, April 30th. Finally, Piper Sandler lifted their price target on shares of Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 22nd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.03.

Ford Motor Price Performance

Ford Motor stock opened at $10.26 on Friday. The stock has a market capitalization of $40.80 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.61 and a beta of 1.50. Ford Motor has a 52-week low of $8.44 and a 52-week high of $14.85. The stock’s 50 day moving average price is $10.01 and its two-hundred day moving average price is $9.99. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Ford Motor’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were issued a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a yield of 5.85%. Ford Motor’s payout ratio is currently 48.00%.

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.