Evergreen Capital Management LLC Purchases 63,562 Shares of Ford Motor Company $F

Evergreen Capital Management LLC boosted its position in shares of Ford Motor Company (NYSE:F) by 352.1% in the third quarter, Holdings Channel reports. The fund owned 81,612 shares of the auto manufacturer’s stock after acquiring an additional 63,562 shares during the period. Evergreen Capital Management LLC’s holdings in Ford Motor were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Corsicana & Co. acquired a new position in shares of Ford Motor during the 3rd quarter worth about $25,000. Trust Co. of Toledo NA OH bought a new position in Ford Motor in the 2nd quarter worth approximately $25,000. Salomon & Ludwin LLC lifted its holdings in shares of Ford Motor by 86.6% during the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock worth $30,000 after buying an additional 1,083 shares during the last quarter. Capital A Wealth Management LLC boosted its position in shares of Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares during the period. Finally, Country Trust Bank acquired a new stake in shares of Ford Motor in the second quarter worth $27,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Down 1.4%

Shares of F stock opened at $13.62 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $54.27 billion, a P/E ratio of 11.74 and a beta of 1.62. Ford Motor Company has a 12-month low of $8.44 and a 12-month high of $14.50. The firm has a 50-day moving average price of $13.36 and a 200 day moving average price of $12.37.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. Ford Motor’s dividend payout ratio (DPR) is presently 51.72%.

Analysts Set New Price Targets

F has been the subject of a number of research reports. TD Cowen increased their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $11.00 to $16.00 in a research note on Thursday, January 8th. Wells Fargo & Company upped their price target on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Friday, October 24th. Finally, Barclays lifted their price objective on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.05.

Ford Motor Company Profile

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.