Carnegie Capital Asset Management LLC Lowers Stock Holdings in Ford Motor (NYSE:F)

Carnegie Capital Asset Management LLC reduced its position in Ford Motor (NYSE:F) by 31.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter.

Other institutional investors have also recently modified their holdings of the company. Snider Financial Group lifted its holdings 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 worth $3,717,000 after acquiring an additional 219,586,336 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ford Motor by 3.1% in the 3rd 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ford Motor by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 70,775,476 shares of the auto manufacturer’s stock valued at $889,831,000 after purchasing an additional 863,591 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Ford Motor by 3.8% in the 3rd quarter. Northern Trust Corp now owns 38,108,825 shares of the auto manufacturer’s stock valued at $473,312,000 after purchasing an additional 1,392,408 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Ford Motor in the 4th quarter valued at $419,237,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Stock Performance

Shares of 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 firm’s 50-day moving average price is $12.61 and its 200-day moving average price is $11.76. Ford Motor has a 52-week low of $9.63 and a 52-week high of $15.42. The company has a market cap of $47.80 billion, a PE ratio of 11.14, a PEG ratio of 0.97 and a beta of 1.63.

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

Ford Motor Dividend Announcement

The company also recently disclosed a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given 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 presently 55.56%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Wednesday, February 7th. Redburn Atlantic began coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price target for the company. Citigroup increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. UBS Group cut shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a research report on Wednesday, January 17th. Finally, Barclays increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $13.82.

Insider Activity at Ford Motor

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

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.