Claro Advisors LLC Purchases 3,585 Shares of Ford Motor (NYSE:F)

Claro Advisors LLC increased its holdings in shares of Ford Motor (NYSE:F) by 26.3% in the third quarter, HoldingsChannel reports. The firm owned 17,232 shares of the auto manufacturer’s stock after buying an additional 3,585 shares during the period. Claro Advisors LLC’s holdings in Ford Motor were worth $182,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock valued at $453,732,000 after purchasing an additional 7,793,944 shares during the period. Legal & General Group Plc lifted its position in Ford Motor by 1.0% during the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock worth $399,066,000 after acquiring an additional 318,715 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Ford Motor by 1.6% during the second quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock worth $252,248,000 after acquiring an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Ford Motor by 11.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after purchasing an additional 1,214,640 shares during the last quarter. Finally, National Pension Service increased its stake in shares of Ford Motor by 19.7% during the third quarter. National Pension Service now owns 10,115,052 shares of the auto manufacturer’s stock worth $106,815,000 after purchasing an additional 1,663,460 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Stock Performance

Ford Motor stock opened at $11.05 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market cap of $43.92 billion, a PE ratio of 12.56, a P/E/G ratio of 2.00 and a beta of 1.62. Ford Motor has a 12-month low of $9.49 and a 12-month high of $14.85. The business’s 50-day moving average price is $10.81 and its two-hundred day moving average price is $11.48.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, analysts expect that Ford Motor will post 1.82 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.43%. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on F shares. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Wolfe Research began coverage on shares of Ford Motor in a research report on Thursday, September 5th. They set a “peer perform” rating on the stock. Evercore ISI raised shares of Ford Motor to a “hold” rating in a report on Friday, July 26th. Barclays decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.02.

Ford Motor 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.