SouthState Corp Lowers Stock Holdings in Ford Motor (NYSE:F)

SouthState Corp trimmed its position in shares of Ford Motor (NYSE:F) by 20.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the auto manufacturer’s stock after selling 1,600 shares during the quarter. SouthState Corp’s holdings in Ford Motor were worth $62,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $26,000. Bank of Jackson Hole Trust purchased a new position in shares of Ford Motor in the 4th quarter valued at about $29,000. Kentucky Trust Co purchased a new position in shares of Ford Motor in the 4th quarter valued at about $31,000. Crewe Advisors LLC boosted its stake in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock valued at $33,000 after buying an additional 2,068 shares during the period. Finally, Modus Advisors LLC purchased a new position in shares of Ford Motor in the 4th quarter valued at about $34,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on F. BNP Paribas upgraded Ford Motor to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $12.00 to $9.00 in a research note on Monday, December 16th. Barclays cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company decreased their target price on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $11.68.

Ford Motor Trading Up 0.3 %

F opened at $9.95 on Wednesday. The firm has a market cap of $39.42 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. Ford Motor has a 52 week low of $9.06 and a 52 week high of $14.85. The business’s 50 day moving average is $9.71 and its two-hundred day moving average is $10.31. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

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

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor’s payout ratio is currently 41.10%.

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.