Evergreen Capital Management LLC Trims Stake in Ford Motor (NYSE:F)

Evergreen Capital Management LLC cut its holdings in shares of Ford Motor (NYSE:F) by 34.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,806 shares of the auto manufacturer’s stock after selling 8,860 shares during the quarter. Evergreen Capital Management LLC’s holdings in Ford Motor were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Coatue Management LLC purchased a new stake in Ford Motor in the fourth quarter valued at approximately $149,152,000. Dimensional Fund Advisors LP grew its stake in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after buying an additional 3,521,520 shares during the period. Natixis lifted its stake in Ford Motor by 1,930.4% during the 1st quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock worth $28,875,000 after acquiring an additional 2,067,226 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. purchased a new position in Ford Motor during the 1st quarter valued at about $21,111,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on F shares. Barclays cut their price target on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, July 25th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a research note on Wednesday. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada dropped their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Finally, Wolfe Research initiated coverage on Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.64.

Ford Motor Price Performance

Shares of NYSE F opened at $10.78 on Friday. The stock’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $11.99. The firm has a market capitalization of $43.04 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.62. Ford Motor has a fifty-two week low of $9.49 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a return on equity of 15.28% and a net margin of 2.13%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. As a group, equities research analysts forecast that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s payout ratio is 61.86%.

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.