Evercore Trust Company N.A. Has $2.34 Billion Stake in Ford Motor Company (F)

Evercore Trust Company N.A. cut its stake in Ford Motor Company (NYSE:F) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,831,961 shares of the auto manufacturer’s stock after selling 7,114,314 shares during the quarter. Ford Motor accounts for 6.8% of Evercore Trust Company N.A.’s holdings, making the stock its 5th biggest position. Evercore Trust Company N.A. owned 4.93% of Ford Motor worth $2,344,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in F. Captrust Financial Advisors bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $106,000. Balentine LLC increased its stake in shares of Ford Motor by 4.0% in the 2nd quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 365 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Ford Motor by 7.8% in the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares during the last quarter. Kelman Lazarov Inc. bought a new stake in Ford Motor during the 2nd quarter worth approximately $116,000. Finally, Godsey & Gibb Associates bought a new stake in Ford Motor during the 2nd quarter worth approximately $117,000. 53.78% of the stock is owned by institutional investors.

A number of analysts recently issued reports on F shares. Jefferies Group reissued a “neutral” rating on shares of Ford Motor in a research note on Monday, August 7th. Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $14.80 to $11.60 in a research note on Wednesday, August 9th. BidaskClub cut Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the stock a “sell” rating in a research note on Monday, August 14th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.61.

Ford Motor Company (NYSE:F) traded up $0.21 during trading hours on Monday, reaching $12.79. The company’s stock had a trading volume of 9,415,307 shares, compared to its average volume of 37,715,746. Ford Motor Company has a 52-week low of $10.47 and a 52-week high of $13.27. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94. The firm has a market cap of $49,971.56, a P/E ratio of 7.49, a P/E/G ratio of 0.65 and a beta of 1.24.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Ford Motor had a return on equity of 21.62% and a net margin of 2.91%. The firm had revenue of $33.65 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the firm posted $0.26 EPS. The business’s revenue was up .9% on a year-over-year basis. research analysts forecast that Ford Motor Company will post 1.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 23rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Friday, October 20th. Ford Motor’s payout ratio is presently 54.55%.

In other news, insider Hau N. Thai-Tang sold 25,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares of the company’s stock, valued at approximately $878,117. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the sale, the insider now directly owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. In the last three months, insiders sold 156,076 shares of company stock valued at $1,836,680. 1.08% of the stock is currently owned by insiders.

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Ford Motor Company 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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Institutional Ownership by Quarter for Ford Motor (NYSE:F)

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