Sovereign Financial Group Inc. Has $467,000 Stake in Ford Motor (NYSE:F)

Sovereign Financial Group Inc. grew its holdings in shares of Ford Motor (NYSE:F) by 149.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,182 shares of the auto manufacturer’s stock after purchasing an additional 21,052 shares during the period. Sovereign Financial Group Inc.’s holdings in Ford Motor were worth $467,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Ford Motor by 29.8% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after acquiring an additional 828 shares during the period. First United Bank & Trust lifted its stake in Ford Motor by 5.4% during the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after purchasing an additional 850 shares during the last quarter. Lee Financial Co boosted its holdings in shares of Ford Motor by 3.6% in the 4th quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock valued at $303,000 after purchasing an additional 854 shares in the last quarter. Welch Group LLC grew its position in Ford Motor by 5.3% in the first quarter. Welch Group LLC now owns 17,754 shares of the auto manufacturer’s stock valued at $236,000 after acquiring an additional 897 shares during the last quarter. Finally, Bigelow Investment Advisors LLC grew its holdings in shares of Ford Motor by 4.9% during the 4th quarter. Bigelow Investment Advisors LLC now owns 19,354 shares of the auto manufacturer’s stock valued at $236,000 after purchasing an additional 908 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

Insider Activity at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is owned by insiders.

Ford Motor Stock Up 1.0 %

Shares of NYSE:F opened at $12.23 on Friday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The business’s 50 day simple moving average is $12.19 and its two-hundred day simple moving average is $12.22. The firm has a market cap of $48.83 billion, a P/E ratio of 12.61, a PEG ratio of 0.78 and a beta of 1.61.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.63 EPS. As a group, research analysts forecast that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.91%. Ford Motor’s dividend payout ratio is presently 61.86%.

Analyst Upgrades and Downgrades

F has been the subject of a number of research reports. UBS Group raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Citigroup lifted their price objective on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada increased their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 price target on the stock. Finally, Barclays increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus target price of $13.89.

Ford Motor Company 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.