Carret Asset Management LLC Sells 14,396 Shares of Ford Motor (NYSE:F)

Carret Asset Management LLC reduced its stake in Ford Motor (NYSE:F) by 33.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 28,357 shares of the auto manufacturer’s stock after selling 14,396 shares during the quarter. Carret Asset Management LLC’s holdings in Ford Motor were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in shares of Ford Motor in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust bought a new stake in shares of Ford Motor in the 4th quarter worth about $29,000. Kentucky Trust Co bought a new stake in shares of Ford Motor in the 4th quarter worth about $31,000. Crewe Advisors LLC increased its holdings in shares of Ford Motor by 169.9% in the 4th quarter. Crewe Advisors LLC now owns 3,285 shares of the auto manufacturer’s stock worth $33,000 after buying an additional 2,068 shares during the last quarter. Finally, Modus Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter worth about $34,000. 58.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on F. Royal Bank of Canada cut their price target on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 6th. TD Cowen began coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target on the stock. Barclays downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $13.00 to $11.00 in a report on Wednesday, January 22nd. Finally, Bank of America cut their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.77.

Ford Motor Price Performance

Shares of F opened at $9.73 on Friday. The company has a 50 day moving average price of $9.71 and a 200-day moving average price of $10.34. Ford Motor has a fifty-two week low of $9.06 and a fifty-two week high of $14.85. The stock has a market capitalization of $38.54 billion, a PE ratio of 6.66, a PEG ratio of 0.61 and a beta of 1.59. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities analysts predict that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.17%. Ford Motor’s payout ratio is presently 41.10%.

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.