Carret Asset Management LLC Sells 3,010 Shares of Ford Motor Company (NYSE:F)

Carret Asset Management LLC lessened its position in Ford Motor Company (NYSE:F) by 10.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 25,347 shares of the auto manufacturer’s stock after selling 3,010 shares during the period. Carret Asset Management LLC’s holdings in Ford Motor were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. NCP Inc. increased its holdings in shares of Ford Motor by 62.0% during the 4th quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock worth $738,000 after purchasing an additional 28,528 shares during the period. Alberta Investment Management Corp increased its holdings in shares of Ford Motor by 87.1% during the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the period. Tounjian Advisory Partners LLC bought a new position in shares of Ford Motor during the 1st quarter worth about $974,000. Wernau Asset Management Inc. bought a new position in shares of Ford Motor during the 4th quarter worth about $344,000. Finally, Versor Investments LP increased its holdings in shares of Ford Motor by 846.6% during the 4th quarter. Versor Investments LP now owns 111,700 shares of the auto manufacturer’s stock worth $1,106,000 after purchasing an additional 99,900 shares during the period. Institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on F. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Piper Sandler lifted their target price 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. Barclays lifted their target price on shares of Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. The Goldman Sachs Group lifted their target price 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. Finally, TD Cowen started coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $10.03.

Ford Motor Price Performance

NYSE:F opened at $10.57 on Friday. The firm has a market cap of $42.04 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.50. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $14.85. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26. The company’s 50-day moving average price is $10.25 and its two-hundred day moving average price is $9.96.

Ford Motor (NYSE:F) last released its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, equities analysts anticipate that Ford Motor Company 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. Shareholders of record on Monday, May 12th were given 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 5.67%. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

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.