Carolina Wealth Advisors LLC Sells 10,621 Shares of Ford Motor Company $F

Carolina Wealth Advisors LLC decreased its stake in Ford Motor Company (NYSE:F) by 2.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,362 shares of the auto manufacturer’s stock after selling 10,621 shares during the period. Ford Motor accounts for approximately 2.6% of Carolina Wealth Advisors LLC’s holdings, making the stock its 14th largest position. Carolina Wealth Advisors LLC’s holdings in Ford Motor were worth $5,331,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Advisors Capital Management LLC grew its holdings in shares of Ford Motor by 9.6% in the 1st quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock valued at $126,000 after acquiring an additional 1,100 shares in the last quarter. Tounjian Advisory Partners LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $974,000. FORA Capital LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $7,398,000. Generali Investments CEE investicni spolecnost a.s. grew its holdings in shares of Ford Motor by 25.0% in the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 300,000 shares of the auto manufacturer’s stock valued at $3,009,000 after acquiring an additional 60,000 shares in the last quarter. Finally, Teza Capital Management LLC bought a new position in shares of Ford Motor in the 1st quarter valued at about $465,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Up 3.6%

NYSE F opened at $12.66 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. Ford Motor Company has a 1-year low of $8.44 and a 1-year high of $12.67. The company has a 50 day moving average of $11.58 and a 200-day moving average of $10.82. The company has a market cap of $50.39 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 3.64 and a beta of 1.53.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Ford Motor Company 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 Tuesday, September 2nd. Stockholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, August 11th. Ford Motor’s payout ratio is presently 76.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on F shares. Barclays lifted their price target on Ford Motor from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on Ford Motor from $8.00 to $10.00 and gave the stock an “underweight” rating in a report on Friday. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Sunday, July 20th. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, Jefferies Financial Group lifted their price target on Ford Motor from $8.00 to $9.00 and gave the stock an “underperform” rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $10.71.

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.