Everence Capital Management Inc. Has $989,000 Holdings in Ford Motor Company (F)
Everence Capital Management Inc. continued to hold its stake in shares of Ford Motor Company (NYSE:F) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 88,423 shares of the auto manufacturer’s stock at the close of the 2nd quarter. Everence Capital Management Inc.’s holdings in Ford Motor were worth $989,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Balentine LLC raised its holdings in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after acquiring an additional 231 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after acquiring an additional 676 shares in the last quarter. Reilly Financial Advisors LLC raised its holdings in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after acquiring an additional 150 shares in the last quarter. FNY Managed Accounts LLC raised its holdings in shares of Ford Motor by 0.3% during the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after acquiring an additional 34 shares in the last quarter. Finally, Kelman Lazarov Inc. purchased a new stake in shares of Ford Motor during the second quarter worth $116,000. Institutional investors and hedge funds own 54.34% of the company’s stock.
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In other Ford Motor news, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 170,624 shares of company stock worth $1,912,964. 1.08% of the stock is owned by insiders.
Several analysts recently issued reports on F shares. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price objective for the company. in a report on Wednesday, May 31st. Wolfe Research began coverage on Ford Motor in a report on Tuesday, June 13th. They set a “market perform” rating for the company. Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a report on Monday, August 14th. BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies restated a “buy” rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the stock. Ford Motor has an average rating of “Hold” and a consensus price target of $12.51.
Shares of Ford Motor Company (NYSE:F) opened at 11.62 on Thursday. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company’s 50-day moving average price is $10.99 and its 200-day moving average price is $11.35. The firm has a market capitalization of $46.15 billion, a P/E ratio of 12.23 and a beta of 1.12.
Ford Motor (NYSE:F) last issued its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, equities research analysts expect that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a $0.15 dividend. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.16%. Ford Motor’s payout ratio is 63.16%.
Ford Motor Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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