Carolinas Wealth Consulting LLC Sells 31,920 Shares of Ford Motor (NYSE:F)

Carolinas Wealth Consulting LLC lessened its position in Ford Motor (NYSE:F - Free Report) by 52.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,152 shares of the auto manufacturer's stock after selling 31,920 shares during the period. Carolinas Wealth Consulting LLC's holdings in Ford Motor were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Ford Motor by 16.6% during the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock worth $3,980,630,000 after buying an additional 57,182,803 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock worth $1,278,153,000 after buying an additional 6,497,321 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after buying an additional 2,089,127 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ford Motor by 11.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after buying an additional 4,925,993 shares during the period. Finally, Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter worth about $387,282,000. Institutional investors own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on F. Piper Sandler lifted their target price on shares of Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, May 22nd. Evercore ISI reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Wolfe Research raised shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Citigroup lifted their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, UBS Group dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $10.03.

Ford Motor Price Performance

Shares of NYSE:F traded down $0.12 during midday trading on Wednesday, hitting $10.19. The stock had a trading volume of 101,771,502 shares, compared to its average volume of 76,799,550. The company's 50-day moving average price is $9.99 and its 200-day moving average price is $10.04. The company has a market capitalization of $40.52 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. Ford Motor has a fifty-two week low of $8.44 and a fifty-two week high of $14.85.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.16. The company had revenue of $40.66 billion during the quarter, compared to analysts' expectations of $35.99 billion. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The business'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 company earned $0.49 EPS. As a group, equities research analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Monday, May 12th. Ford Motor's payout ratio 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.