Atlantic Union Bankshares Corp Raises Stock Holdings in Ford Motor (NYSE:F)

Atlantic Union Bankshares Corp lifted its holdings in shares of Ford Motor (NYSE:F) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,630 shares of the auto manufacturer’s stock after acquiring an additional 7,278 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Ford Motor were worth $1,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Snider Financial Group increased its position in Ford Motor by 100,345.2% in the first quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after buying an additional 219,586,336 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock worth $1,085,406,000 after acquiring an additional 2,657,650 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ford Motor by 1.2% in the first quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock worth $889,831,000 after acquiring an additional 863,591 shares during the period. Northern Trust Corp boosted its holdings in shares of Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after acquiring an additional 1,392,408 shares during the period. Finally, Norges Bank bought a new position in shares of Ford Motor in the fourth quarter worth $419,237,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

F has been the subject of several recent analyst reports. UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Wednesday, January 17th. Redburn Atlantic assumed coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research report on Wednesday, February 7th. BNP Paribas lowered Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Wednesday, December 13th. Finally, Piper Sandler assumed coverage on Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $13.75.

Ford Motor Price Performance

F stock traded up $0.22 during trading on Friday, reaching $13.28. 61,846,366 shares of the company were exchanged, compared to its average volume of 50,385,792. The company has a market cap of $52.77 billion, a P/E ratio of 12.30, a PEG ratio of 1.04 and a beta of 1.63. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The stock’s 50 day moving average price is $12.24 and its 200 day moving average price is $11.71. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. The business had revenue of $43.21 billion during the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. As a group, analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.33 dividend. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s payout ratio is currently 55.56%.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.80% 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.