Elo Mutual Pension Insurance Co Reduces Stake in Ford Motor (NYSE:F)

Elo Mutual Pension Insurance Co lowered its stake in shares of Ford Motor (NYSE:F) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 382,842 shares of the auto manufacturer’s stock after selling 12,824 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Ford Motor were worth $3,790,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in Ford Motor during the 3rd quarter worth approximately $96,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ford Motor during the third quarter worth about $186,000. Cerity Partners LLC increased its stake in Ford Motor by 10.8% in the 3rd quarter. Cerity Partners LLC now owns 324,052 shares of the auto manufacturer’s stock worth $3,422,000 after acquiring an additional 31,707 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Ford Motor by 1,157.9% in the 3rd quarter. Quantbot Technologies LP now owns 181,006 shares of the auto manufacturer’s stock valued at $1,911,000 after acquiring an additional 166,617 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of Ford Motor by 8.9% during the 3rd quarter. Townsquare Capital LLC now owns 94,090 shares of the auto manufacturer’s stock valued at $994,000 after acquiring an additional 7,650 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Shares of F opened at $9.73 on Friday. The firm has a market cap of $38.54 billion, a PE ratio of 6.66, a P/E/G ratio of 0.61 and a beta of 1.59. Ford Motor has a 1-year low of $9.06 and a 1-year high of $14.85. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a fifty day simple moving average of $9.75 and a two-hundred day simple moving average of $10.28.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities analysts anticipate that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 6.17%. Ford Motor’s dividend payout ratio is currently 41.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on F shares. Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. BNP Paribas upgraded Ford Motor to a “hold” rating in a report on Monday, February 10th. Evercore ISI decreased their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Finally, TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $11.37.

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.