Evoke Wealth LLC Has $111,000 Stock Position in Ford Motor (NYSE:F)

Evoke Wealth LLC reduced its stake in Ford Motor (NYSE:F) by 65.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 11,257 shares of the auto manufacturer’s stock after selling 20,869 shares during the period. Evoke Wealth LLC’s holdings in Ford Motor were worth $111,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hager Investment Management Services LLC acquired a new position in Ford Motor in the fourth quarter valued at approximately $26,000. Bank of Jackson Hole Trust acquired a new position in Ford Motor in the fourth quarter valued at approximately $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor in the fourth quarter valued at approximately $30,000. Kentucky Trust Co acquired a new position in Ford Motor in the fourth quarter valued at approximately $31,000. Finally, Crewe Advisors LLC lifted its stake in Ford Motor by 169.9% in the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the period. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on F shares. Evercore ISI dropped their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the company from $12.00 to $9.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. dropped 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. TD Cowen started coverage on Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Finally, Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.68.

Ford Motor Trading Up 2.3 %

Shares of Ford Motor stock opened at $10.18 on Thursday. The stock has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $10.31. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The company has a market capitalization of $40.33 billion, a P/E ratio of 6.97, 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 announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping 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, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.90%. Ford Motor’s dividend payout ratio (DPR) 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.