SouthState Corp Sells 6,941 Shares of Ford Motor (NYSE:F)

SouthState Corp reduced its position in Ford Motor (NYSE:F) by 46.8% during the third quarter, HoldingsChannel.com reports. The firm owned 7,900 shares of the auto manufacturer’s stock after selling 6,941 shares during the period. SouthState Corp’s holdings in Ford Motor were worth $83,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its position in Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after buying an additional 8,824,000 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after acquiring an additional 7,793,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Ford Motor by 456.9% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after purchasing an additional 3,281,800 shares during the period. AQR Capital Management LLC grew its stake in Ford Motor by 103.6% in the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock worth $60,844,000 after purchasing an additional 2,497,695 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in Ford Motor by 1,215.6% during the 3rd quarter. International Assets Investment Management LLC now owns 2,693,585 shares of the auto manufacturer’s stock worth $28,444,000 after purchasing an additional 2,488,850 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of F stock opened at $11.05 on Wednesday. The business has a fifty day moving average of $10.81 and a 200 day moving average of $11.48. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98. The firm has a market capitalization of $43.92 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts expect that Ford Motor will post 1.82 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.43%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

Wall Street Analyst Weigh In

F has been the topic of a number of recent research reports. Wells Fargo & Company dropped their price target on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 10th. Barclays dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $12.02.

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.