Carson Advisory Inc. Sells 28,625 Shares of Ford Motor (NYSE:F)

Carson Advisory Inc. cut its stake in shares of Ford Motor (NYSE:F) by 38.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,705 shares of the auto manufacturer’s stock after selling 28,625 shares during the period. Carson Advisory Inc.’s holdings in Ford Motor were worth $557,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares during the period. Pearl River Capital LLC boosted its position in Ford Motor by 174.2% during the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after acquiring an additional 211,037 shares during the last quarter. TIAA Trust National Association bought a new stake in Ford Motor during the third quarter valued at $1,104,000. Mackenzie Financial Corp boosted its position in Ford Motor by 110.5% during the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after acquiring an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in Ford Motor by 616.0% during the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after acquiring an additional 258,920 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following 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 filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

F has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday. Redburn Atlantic initiated coverage on shares of Ford Motor in a research report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Barclays raised 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. Finally, UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.15.

Ford Motor Price Performance

NYSE:F traded up $0.29 during trading hours on Thursday, hitting $12.49. The stock had a trading volume of 46,749,906 shares, compared to its average volume of 54,385,816. The company has a 50 day simple moving average of $12.63 and a two-hundred day simple moving average of $11.80. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. Ford Motor has a one year low of $9.63 and a one year high of $15.42. The firm has a market capitalization of $49.63 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 0.82 and a beta of 1.61.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Research analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s payout ratio is presently 61.86%.

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.