Capital Asset Advisory Services LLC Decreases Stake in Ford Motor (NYSE:F)

Capital Asset Advisory Services LLC cut its holdings in shares of Ford Motor (NYSE:F) by 50.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,228 shares of the auto manufacturer’s stock after selling 17,204 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Ford Motor were worth $175,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor in the 4th quarter worth $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor in the fourth quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor during the fourth quarter worth about $30,000. Spurstone Advisory Services LLC acquired a new position in Ford Motor in the 4th quarter valued at about $31,000. Finally, Kentucky Trust Co purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on F shares. The Goldman Sachs Group lifted their price target on shares of Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lifted their target price on Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 6th. Sanford C. Bernstein lowered shares of Ford Motor from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Finally, TD Cowen initiated coverage on shares of Ford Motor in a research report on Friday, March 7th. They issued a “hold” rating and a $10.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $10.03.

Ford Motor Stock Performance

Shares of F stock opened at $10.25 on Thursday. Ford Motor has a 52 week low of $8.44 and a 52 week high of $14.85. The firm has a 50 day moving average of $10.00 and a two-hundred day moving average of $10.01. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The stock 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.

Ford Motor (NYSE:F) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. The firm had revenue of $40.66 billion during the quarter, compared to analysts’ expectations of $35.99 billion. During the same period in the previous year, the firm posted $0.49 EPS. Ford Motor’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were paid a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.85%. Ford Motor’s dividend payout ratio is currently 48.00%.

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.