Pallas Capital Advisors LLC Acquires New Position in Ford Motor Company $F

Pallas Capital Advisors LLC acquired a new stake in Ford Motor Company (NYSE:F) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 35,503 shares of the auto manufacturer’s stock, valued at approximately $493,000.

Other institutional investors also recently modified their holdings of the company. MV Capital Management Inc. purchased a new stake in shares of Ford Motor during the fourth quarter worth $25,000. McMillan Office Inc. purchased a new position in Ford Motor in the fourth quarter valued at about $26,000. Legacy Wealth Managment LLC ID grew its stake in Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. grew its stake in Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares in the last quarter. Finally, Caldwell Trust Co increased its position in Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after purchasing an additional 2,175 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on F shares. The Goldman Sachs Group lifted their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their target price on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Performance

F opened at $14.48 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The stock’s 50 day moving average price is $14.14 and its two-hundred day moving average price is $13.50. The firm has a market capitalization of $57.76 billion, a P/E ratio of -7.75, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. Ford Motor Company has a 12-month low of $11.11 and a 12-month high of $17.78.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS. On average, equities analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. Ford Motor’s payout ratio is currently -32.09%.

Ford Motor 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.