Ford Motor (NYSE:F) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its stake in Ford Motor (NYSE:F) by 36.2% during the fourth quarter, according to its most recent 13F 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of F. RB Capital Management LLC raised its position 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 valued at $462,000 after purchasing an additional 3,477 shares in the last quarter. Fairfield Bush & CO. purchased a new position in shares of Ford Motor in the 1st quarter valued at about $37,000. Synovus Financial Corp increased its holdings in shares of Ford Motor by 275.4% in 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 last quarter. Blair William & Co. IL increased its holdings in shares of Ford Motor by 17.3% in 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 last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Ford Motor by 3.0% in 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 last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, January 17th. Citigroup raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Morgan Stanley raised their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research note on Wednesday, February 7th. One equities 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $13.82.

Ford Motor Stock Performance

Shares of F stock opened at $12.03 on Thursday. The stock has a fifty day moving average price of $12.61 and a 200 day moving average price of $11.76. The stock has a market cap of $47.80 billion, a PE ratio of 11.14, a P/E/G ratio of 0.96 and a beta of 1.63. Ford Motor has a 1 year low of $9.63 and a 1 year high of $15.42. The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. The firm had revenue of $43.21 billion during the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. Ford Motor’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts forecast that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

About Ford Motor

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.