Ford Motor (NYSE:F) Position Reduced by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co cut its position in shares of Ford Motor (NYSE:F) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 382,842 shares of the auto manufacturer’s stock after selling 12,824 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Ford Motor were worth $3,790,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Hager Investment Management Services LLC acquired a new position in Ford Motor during the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the 4th quarter valued at about $30,000. Kentucky Trust Co bought a new position in shares of Ford Motor during the 4th quarter valued at about $31,000. Finally, Crewe Advisors LLC grew its stake in shares of 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 during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of NYSE:F opened at $9.73 on Friday. The firm has a 50 day moving average of $9.75 and a 200-day moving average of $10.28. The stock has a market capitalization of $38.54 billion, a PE ratio of 6.66, a PEG ratio of 0.61 and a beta of 1.59. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85. 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 announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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%. On average, equities research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Analyst Ratings Changes

Several research analysts have issued reports on F shares. TD Cowen started coverage on Ford Motor in a report on Friday, March 7th. They issued a “hold” rating and a $10.00 price target on the stock. Wells Fargo & Company decreased their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Royal Bank of Canada cut their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average target price of $11.37.

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.