Carret Asset Management LLC Sells 1,996 Shares of Ford Motor (NYSE:F)

Carret Asset Management LLC cut its position in shares of Ford Motor (NYSE:F) by 4.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,938 shares of the auto manufacturer’s stock after selling 1,996 shares during the period. Carret Asset Management LLC’s holdings in Ford Motor were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 87,391,788 shares of the auto manufacturer’s stock valued at $1,085,406,000 after purchasing an additional 2,657,650 shares during the period. Northern Trust Corp raised its holdings in shares of Ford Motor by 3.8% in the third quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock worth $473,312,000 after buying an additional 1,392,408 shares during the period. LSV Asset Management raised its holdings in shares of Ford Motor by 3.9% in the third quarter. LSV Asset Management now owns 20,238,211 shares of the auto manufacturer’s stock worth $251,359,000 after buying an additional 751,500 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Ford Motor by 21.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after buying an additional 2,190,915 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Ford Motor by 2.0% in the third quarter. California Public Employees Retirement System now owns 7,482,678 shares of the auto manufacturer’s stock worth $92,935,000 after buying an additional 150,117 shares during the period. 58.74% of the stock is owned by institutional investors.

Ford Motor Stock Performance

Shares of NYSE F traded down $0.21 during trading on Thursday, reaching $12.74. 24,972,092 shares of the company traded hands, compared to its average volume of 53,496,609. The firm’s fifty day simple moving average is $12.60 and its 200 day simple moving average is $11.78. The stock has a market cap of $50.62 billion, a P/E ratio of 11.80, a PEG ratio of 1.02 and a beta of 1.63. Ford Motor has a 12-month low of $9.63 and a 12-month high of $15.42. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. As a group, research analysts anticipate that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is presently 55.56%.

Insider Activity at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total value of $337,031.94. Following the completion of the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

F has been the topic of several research reports. Royal Bank of Canada raised their price objective on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday. Morgan Stanley raised their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. UBS Group increased their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday. Piper Sandler started coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, Redburn Atlantic started coverage on Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 target price on the stock. One equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.02.

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.