EverSource Wealth Advisors LLC Trims Holdings in Ford Motor (NYSE:F)

EverSource Wealth Advisors LLC reduced its stake in Ford Motor (NYSE:F) by 54.3% in the 4th quarter, Holdings Channel reports. The institutional investor 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 quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC raised its position in shares of Ford Motor by 15.3% during the 4th quarter. HighTower Advisors LLC now owns 954,931 shares of the auto manufacturer’s stock valued at $9,454,000 after buying an additional 126,515 shares during the period. Miller Financial Services LLC acquired a new stake in Ford Motor during the fourth quarter worth $125,000. Cornerstone Advisors LLC raised its position in Ford Motor by 16.6% in the fourth quarter. Cornerstone Advisors LLC now owns 69,500 shares of the auto manufacturer’s stock valued at $688,000 after purchasing an additional 9,900 shares during the period. Vista Investment Partners II LLC acquired a new position in shares of Ford Motor in the 4th quarter valued at $904,000. Finally, Independent Advisor Alliance grew its holdings in shares of Ford Motor by 8.4% during the 4th quarter. Independent Advisor Alliance now owns 100,711 shares of the auto manufacturer’s stock worth $997,000 after purchasing an additional 7,788 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Stock Performance

Shares of F stock opened at $9.94 on Tuesday. The stock’s 50-day moving average is $9.71 and its two-hundred day moving average is $10.32. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a 1 year low of $9.06 and a 1 year high of $14.85. The firm has a market cap of $39.38 billion, a price-to-earnings ratio of 6.80, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Analysts predict that Ford Motor will post 1.47 earnings per share for the current 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 paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on F. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada dropped their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Finally, TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.68.

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.