Legacy Financial Group LLC Has $267,000 Holdings in Ford Motor Company $F

Legacy Financial Group LLC boosted its holdings in shares of Ford Motor Company (NYSE:F) by 22.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,599 shares of the auto manufacturer’s stock after acquiring an additional 4,560 shares during the quarter. Legacy Financial Group LLC’s holdings in Ford Motor were worth $267,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 13.8% during the 1st quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after buying an additional 55,576,478 shares during the last quarter. Pacer Advisors Inc. lifted its holdings 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 buying an additional 48,378,444 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Ford Motor during the 1st quarter valued at about $123,147,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock valued at $1,404,741,000 after buying an additional 10,947,527 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Ford Motor by 150.6% during the 1st quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock valued at $72,169,000 after buying an additional 4,365,125 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ford Motor

In related 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 completion of the transaction, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on F. Royal Bank Of Canada lifted their price target on Ford Motor from $10.00 to $11.00 and gave the company a “sector perform” rating in a report on Tuesday, August 5th. Barclays lifted their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, July 16th. Jefferies Financial Group lifted their price target on Ford Motor from $8.00 to $9.00 and gave the company an “underperform” rating in a report on Monday, August 11th. Piper Sandler lifted their price target on Ford Motor from $9.00 to $9.50 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, UBS Group raised their price objective on Ford Motor from $9.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.53.

Ford Motor Stock Performance

Shares of NYSE F opened at $11.75 on Wednesday. The business has a fifty day simple moving average of $11.46 and a 200 day simple moving average of $10.70. 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 firm has a market capitalization of $46.74 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 3.35 and a beta of 1.52. Ford Motor Company has a one year low of $8.44 and a one year high of $11.99.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 11th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio is presently 76.92%.

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.