EverSource Wealth Advisors LLC Decreases Stake in Ford Motor (NYSE:F)

EverSource Wealth Advisors LLC lessened its stake in shares of Ford Motor (NYSE:F) by 54.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,982 shares of the auto manufacturer’s stock after selling 16,611 shares during the period. EverSource Wealth Advisors LLC’s holdings in Ford Motor were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Hager Investment Management Services LLC acquired a new position in shares of Ford Motor in the fourth quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the fourth quarter valued at approximately $29,000. Kentucky Trust Co acquired a new position in Ford Motor in the 4th quarter worth approximately $31,000. Crewe Advisors LLC raised its position in Ford Motor by 169.9% during the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares during the last quarter. Finally, Modus Advisors LLC purchased a new stake in shares of Ford Motor in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on F. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Royal Bank of Canada cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Bank of America dropped their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.68.

Ford Motor Price Performance

NYSE:F opened at $9.94 on Tuesday. The stock has a 50 day moving average of $9.71 and a two-hundred day moving average of $10.32. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. The firm has a market cap of $39.38 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.04%. Ford Motor’s payout ratio is presently 41.10%.

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.