OLD National Bancorp IN Buys 222,483 Shares of Ford Motor (NYSE:F)

OLD National Bancorp IN increased its stake in shares of Ford Motor (NYSE:F - Free Report) by 65.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 561,883 shares of the auto manufacturer's stock after purchasing an additional 222,483 shares during the period. OLD National Bancorp IN's holdings in Ford Motor were worth $5,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Olistico Wealth LLC bought a new position in shares of Ford Motor during the second quarter worth $25,000. Family Firm Inc. acquired a new position in Ford Motor in the second quarter valued at about $26,000. Financial Synergies Wealth Advisors Inc. increased its holdings in shares of Ford Motor by 1,997.9% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer's stock worth $27,000 after acquiring an additional 1,938 shares in the last quarter. Quarry LP acquired a new stake in shares of Ford Motor during the second quarter worth about $27,000. Finally, Ridgewood Investments LLC bought a new position in shares of Ford Motor during the 2nd quarter valued at about $28,000. Institutional investors own 58.74% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI raised shares of Ford Motor to a "hold" rating in a research report on Friday, July 26th. StockNews.com upgraded Ford Motor from a "sell" rating to a "hold" rating in a report on Friday, August 2nd. Morgan Stanley downgraded Ford Motor from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Barclays cut their target price on Ford Motor from $16.00 to $14.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.56.

Ford Motor Stock Performance

NYSE:F traded down $0.23 during mid-day trading on Monday, hitting $10.87. 40,937,112 shares of the stock were exchanged, compared to its average volume of 53,203,379. The firm's 50-day simple moving average is $10.77 and its 200 day simple moving average is $11.74. The stock has a market capitalization of $43.40 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The business had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter last year, the firm earned $0.72 EPS. Ford Motor's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.52%. Ford Motor's payout ratio is 61.86%.

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.