Patton Fund Management Inc. Has $3.23 Million Stock Position in Ford Motor Company $F

Patton Fund Management Inc. lowered its stake in Ford Motor Company (NYSE:F) by 27.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 279,723 shares of the auto manufacturer’s stock after selling 105,266 shares during the quarter. Patton Fund Management Inc.’s holdings in Ford Motor were worth $3,228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the period. MV Capital Management Inc. acquired a new position in shares of Ford Motor during the fourth quarter worth about $25,000. McMillan Office Inc. bought a new position in shares of Ford Motor during the fourth quarter worth about $26,000. Olistico Wealth LLC bought a new position in shares of Ford Motor during the fourth quarter worth about $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new stake in Ford Motor in the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Down 0.1%

NYSE:F opened at $14.11 on Monday. Ford Motor Company has a twelve month low of $10.68 and a twelve month high of $17.78. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of -9.10, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The stock’s 50 day moving average price is $13.88 and its two-hundred day moving average price is $13.36.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. Equities research analysts expect that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Analyst Upgrades and Downgrades

Several research firms have commented on F. Bank of America boosted their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Wall Street Zen upgraded shares of Ford Motor from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. The Goldman Sachs Group boosted their price objective on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.70.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.