Ford Motor (NYSE:F) Shares Sold by SouthState Corp

SouthState Corp lessened its holdings in Ford Motor (NYSE:F) by 20.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,300 shares of the auto manufacturer’s stock after selling 1,600 shares during the quarter. SouthState Corp’s holdings in Ford Motor were worth $62,000 at the end of the most recent reporting period.

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

Ford Motor Stock Up 0.3 %

Shares of F opened at $9.95 on Wednesday. The stock has a fifty day simple moving average of $9.71 and a two-hundred day simple moving average of $10.31. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $39.42 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 52-week low of $9.06 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last issued its quarterly earnings data 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%. As a group, equities analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Analyst Upgrades and Downgrades

F has been the topic of several recent research reports. JPMorgan Chase & Co. lowered their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.68.

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.