Evoke Wealth LLC Acquires 15,221 Shares of Ford Motor (NYSE:F)

Evoke Wealth LLC grew its position in shares of Ford Motor (NYSE:FFree Report) by 65.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,569 shares of the auto manufacturer’s stock after purchasing an additional 15,221 shares during the quarter. Evoke Wealth LLC’s holdings in Ford Motor were worth $470,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in shares of Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after acquiring an additional 44,581 shares in the last quarter. Pearl River Capital LLC increased its stake in shares of Ford Motor by 174.2% in the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after acquiring an additional 211,037 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Ford Motor by 616.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after acquiring an additional 258,920 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Ford Motor by 11.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock valued at $5,230,000 after acquiring an additional 44,805 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in shares of Ford Motor in the 4th quarter valued at $56,000. Institutional investors own 58.74% of the company’s stock.

Insider Activity at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the transaction, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by company insiders.

Ford Motor Trading Up 3.1 %

Shares of Ford Motor stock opened at $12.13 on Monday. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The stock’s 50-day simple moving average is $12.54 and its 200 day simple moving average is $12.03. The stock has a market capitalization of $48.43 billion, a P/E ratio of 12.51, a P/E/G ratio of 0.80 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:FGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the previous year, the business posted $0.63 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts anticipate that Ford Motor will post 1.97 EPS for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on F shares. Morgan Stanley lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Sanford C. Bernstein began coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Citigroup lifted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, UBS Group lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $13.89.

View Our Latest Research Report on Ford Motor

About Ford Motor

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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