Carnegie Investment Counsel Raises Position in Ford Motor Company $F

Carnegie Investment Counsel raised its stake in Ford Motor Company (NYSE:F) by 45.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,424 shares of the auto manufacturer’s stock after purchasing an additional 13,581 shares during the quarter. Carnegie Investment Counsel’s holdings in Ford Motor were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of F. Vanguard Group Inc. grew its holdings in shares of Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer’s stock valued at $4,590,333,000 after acquiring an additional 55,576,478 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Ford Motor by 6,915.1% in the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer’s stock worth $492,253,000 after acquiring an additional 48,378,444 shares during the period. Nuveen LLC bought a new position in shares of Ford Motor in the first quarter worth $123,147,000. Charles Schwab Investment Management Inc. raised its position in shares of Ford Motor by 8.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer’s stock worth $1,404,741,000 after buying an additional 10,947,527 shares in the last quarter. Finally, Aberdeen Group plc raised its position in shares of Ford Motor by 150.6% in the first quarter. Aberdeen Group plc now owns 7,264,106 shares of the auto manufacturer’s stock worth $72,169,000 after buying an additional 4,365,125 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Up 12.0%

F opened at $13.82 on Monday. The company has a market cap of $54.99 billion, a P/E ratio of 11.91, a P/E/G ratio of 4.08 and a beta of 1.53. The business’s 50-day moving average price is $11.85 and its 200-day moving average price is $11.08. The company has a current ratio of 1.12, a quick ratio of 0.98 and a debt-to-equity ratio of 2.20. Ford Motor Company has a 12 month low of $8.44 and a 12 month high of $13.97.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to the consensus estimate of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, equities analysts expect that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be issued a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s payout ratio is currently 76.92%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on F. UBS Group increased their price objective on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Dbs Bank downgraded Ford Motor from a “hold” rating to a “moderate sell” rating in a research report on Monday, August 4th. Piper Sandler raised their price target on Ford Motor from $9.50 to $11.00 and gave the company a “neutral” rating in a research report on Friday. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Barclays raised their price target on Ford Motor from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $11.36.

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.