Versant Capital Management Inc Has $61,000 Stake in Ford Motor (NYSE:F)

by · The Cerbat Gem

Versant Capital Management Inc increased its holdings in Ford Motor (NYSE:F – Free Report) by 133.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,119 shares of the auto manufacturer’s stock after buying an additional 3,497 shares during the period. Versant Capital Management Inc’s holdings in Ford Motor were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor during the fourth quarter worth $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC bought a new stake in shares of Ford Motor during the fourth quarter worth $30,000. Spurstone Advisory Services LLC bought a new stake in shares of Ford Motor during the fourth quarter worth $31,000. Finally, Kentucky Trust Co bought a new stake in shares of Ford Motor during the fourth quarter worth $31,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Up 0.6%

F opened at $10.25 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.16 and a quick ratio of 1.02. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85. The firm has a market capitalization of $40.76 billion, a PE ratio of 7.02, a P/E/G ratio of 0.61 and a beta of 1.53. The company’s 50-day moving average is $10.00 and its 200 day moving average is $10.01.

Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, research analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.85%. The ex-dividend date was Monday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on F. Royal Bank of Canada reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 6th. Sanford C. Bernstein cut shares of Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $9.40 to $7.00 in a research note on Wednesday, April 9th. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Barclays boosted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Finally, Piper Sandler upped their price target on shares of Ford Motor from $8.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.03.

View Our Latest Report on F

Ford Motor Profile

(Free Report)

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.

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