Verdence Capital Advisors LLC Boosts Stake in Ford Motor (NYSE:F)

Verdence Capital Advisors LLC boosted its stake in shares of Ford Motor (NYSE:F) by 15.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 42,773 shares of the auto manufacturer’s stock after acquiring an additional 5,576 shares during the period. Verdence Capital Advisors LLC’s holdings in Ford Motor were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Apollon Wealth Management LLC lifted its holdings in Ford Motor by 1.1% during the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after buying an additional 969 shares during the period. Albion Financial Group UT lifted its holdings in Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after buying an additional 1,000 shares during the period. Brighton Jones LLC lifted its holdings in Ford Motor by 5.4% during the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after buying an additional 1,001 shares during the period. Angeles Wealth Management LLC lifted its holdings in Ford Motor by 1.3% during the fourth quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock worth $799,000 after buying an additional 1,024 shares during the period. Finally, Klingman & Associates LLC lifted its holdings in Ford Motor by 3.4% during the third quarter. Klingman & Associates LLC now owns 30,923 shares of the auto manufacturer’s stock worth $327,000 after buying an additional 1,025 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F opened at $9.61 on Friday. The business’s 50-day moving average is $9.72 and its two-hundred day moving average is $10.39. The company has a market capitalization of $38.07 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share 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%. Research analysts predict that Ford Motor will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 6.25%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Analyst Upgrades and Downgrades

F has been the subject of several analyst reports. Bank of America decreased their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Royal Bank of Canada decreased their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a report on Thursday, February 6th. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the company from $12.00 to $9.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company decreased their price objective on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $11.89.

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.