OneAscent Financial Services LLC Purchases 7,655 Shares of Ford Motor (NYSE:F)

OneAscent Financial Services LLC boosted its holdings in Ford Motor (NYSE:F) by 14.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 59,260 shares of the auto manufacturer’s stock after buying an additional 7,655 shares during the period. OneAscent Financial Services LLC’s holdings in Ford Motor were worth $587,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in F. Hager Investment Management Services LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in Ford Motor in the fourth quarter worth approximately $30,000. Kentucky Trust Co purchased a new stake in Ford Motor in the fourth quarter worth approximately $31,000. Finally, Crewe Advisors LLC raised its stake in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

NYSE F opened at $10.14 on Thursday. The business has a 50-day moving average price of $9.74 and a 200-day moving average price of $10.27. The firm has a market cap of $40.19 billion, a price-to-earnings ratio of 6.95, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a twelve month low of $9.06 and a twelve month high of $14.85. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. As a group, equities research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on F. Royal Bank of Canada dropped their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Piper Sandler decreased their price target on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.37.

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.