Everence Capital Management Inc. Trims Holdings in Ford Motor (NYSE:F)

Everence Capital Management Inc. decreased its position in Ford Motor (NYSE:F) by 36.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,203 shares of the auto manufacturer’s stock after selling 46,630 shares during the period. Everence Capital Management Inc.’s holdings in Ford Motor were worth $1,002,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of F. RB Capital Management LLC boosted its stake in Ford Motor by 14.6% in the 1st quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock worth $462,000 after purchasing an additional 3,477 shares in the last quarter. Fairfield Bush & CO. bought a new position in Ford Motor during the 1st quarter valued at about $37,000. Synovus Financial Corp lifted its stake in Ford Motor by 275.4% during the 1st quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock valued at $1,886,000 after acquiring an additional 81,783 shares during the period. Blair William & Co. IL lifted its stake in Ford Motor by 17.3% during the 1st quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock valued at $5,509,000 after acquiring an additional 47,959 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in Ford Motor by 3.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock valued at $9,537,000 after acquiring an additional 16,498 shares during the period. Institutional investors own 58.74% of the company’s stock.

Insider Activity

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.80% of the company’s stock.

Ford Motor Stock Down 0.5 %

NYSE F opened at $12.03 on Thursday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The company has a market capitalization of $47.80 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.96 and a beta of 1.63. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The stock has a 50 day moving average price of $12.61 and a 200-day moving average price of $11.76.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The business had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities analysts predict that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is currently 55.56%.

Analyst Ratings Changes

Several equities analysts have issued reports on F shares. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 target price on shares of Ford Motor in a research note on Wednesday, February 7th. Citigroup increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. 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 note on Thursday, April 11th. UBS Group cut shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, January 17th. Finally, Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.82.

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.