Evoke Wealth LLC Has $111,000 Holdings in Ford Motor (NYSE:F)

Evoke Wealth LLC lessened its stake in Ford Motor (NYSE:F) by 65.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,257 shares of the auto manufacturer’s stock after selling 20,869 shares during the quarter. Evoke Wealth LLC’s holdings in Ford Motor were worth $111,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in Ford Motor in the 4th quarter valued at $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth $30,000. Kentucky Trust Co acquired a new stake in shares of Ford Motor during the fourth quarter worth $31,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Ford Motor by 169.9% during the fourth quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on F. Wells Fargo & Company dropped their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 target price for the company. JPMorgan Chase & Co. dropped their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Royal Bank of Canada dropped their target price 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. Finally, Evercore ISI dropped their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research note on Monday, February 10th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average price target of $11.68.

Ford Motor Stock Performance

Ford Motor stock opened at $10.18 on Thursday. Ford Motor has a 12-month low of $9.06 and a 12-month high of $14.85. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business’s 50-day moving average price is $9.72 and its two-hundred day moving average price is $10.31. The stock has a market cap of $40.33 billion, a PE ratio of 6.97, a P/E/G ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last released 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%. As a group, analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.90%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is currently 41.10%.

Ford Motor 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.