Ford Motor (NYSE:F) Shares Sold by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC lowered its position in shares of Ford Motor (NYSE:F) by 31.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 18,203 shares of the auto manufacturer’s stock after selling 8,471 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Ford Motor were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in F. Snider Financial Group increased its stake in shares of Ford Motor by 100,345.2% in the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock valued at $3,717,000 after purchasing an additional 219,586,336 shares in the last quarter. Norges Bank purchased a new position in shares of Ford Motor in the 4th quarter valued at about $419,237,000. Moneta Group Investment Advisors LLC boosted its holdings in Ford Motor by 81,406.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock worth $351,241,000 after buying an additional 30,164,236 shares during the last quarter. Holocene Advisors LP acquired a new stake in Ford Motor in the 2nd quarter worth about $53,665,000. Finally, Prudential Financial Inc. boosted its holdings in Ford Motor by 61.2% in the 1st quarter. Prudential Financial Inc. now owns 8,968,152 shares of the auto manufacturer’s stock worth $151,652,000 after buying an additional 3,404,530 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on F shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a report on Wednesday, February 7th. UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a report on Wednesday, January 17th. Piper Sandler initiated coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Barclays boosted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Morgan Stanley boosted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.82.

Ford Motor Stock Down 0.5 %

NYSE:F opened at $12.03 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The stock’s fifty day moving average is $12.61 and its two-hundred day moving average is $11.76. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The stock has a market capitalization of $47.80 billion, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.63.

Ford Motor (NYSE:F) last released its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were paid a dividend of $0.33 per share. This represents a yield of 4.7%. The ex-dividend date was Thursday, February 15th. Ford Motor’s dividend payout ratio (DPR) is 55.56%.

Insiders Place Their Bets

In other news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by insiders.

About Ford Motor

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.