Legacy Financial Advisors Inc. Increases Stake in Ford Motor Company $F

Legacy Financial Advisors Inc. grew its holdings in Ford Motor Company (NYSE:F) by 6.5% during the 1st quarter, Holdings Channel reports. The fund owned 50,690 shares of the auto manufacturer’s stock after buying an additional 3,081 shares during the period. Legacy Financial Advisors Inc.’s holdings in Ford Motor were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock worth $4,590,333,000 after acquiring an additional 55,576,478 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after purchasing an additional 10,947,527 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock valued at $492,253,000 after purchasing an additional 48,378,444 shares during the period. Northern Trust Corp lifted its stake in shares of Ford Motor by 11.0% during the 4th quarter. Northern Trust Corp now owns 37,314,829 shares of the auto manufacturer’s stock valued at $369,417,000 after buying an additional 3,699,857 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ford Motor by 21.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,642,389 shares of the auto manufacturer’s stock valued at $293,460,000 after buying an additional 5,295,086 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Up 1.0%

Shares of NYSE:F opened at $11.5750 on Wednesday. The company has a market cap of $46.07 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 3.31 and a beta of 1.48. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $11.97. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company has a 50-day moving average price of $11.16 and a 200 day moving average price of $10.32.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. As a group, equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, August 11th. Ford Motor’s payout ratio is 76.92%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Monday, July 21st. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Piper Sandler raised their target price on shares of Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Finally, Citigroup boosted their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $10.53.

Insider Activity

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider owned 113,939 shares of the company’s stock, valued at $1,253,329. This represents a 20.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Ford Motor Profile

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.