Claro Advisors LLC Decreases Stock Holdings in Ford Motor (NYSE:F)

Claro Advisors LLC lowered its holdings in shares of Ford Motor (NYSE:F) by 21.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,600 shares of the auto manufacturer’s stock after selling 3,632 shares during the quarter. Claro Advisors LLC’s holdings in Ford Motor were worth $135,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP bought a new position in shares of Ford Motor during the 2nd quarter valued at approximately $27,000. Kimelman & Baird LLC bought a new position in Ford Motor during the second quarter valued at $30,000. Reston Wealth Management LLC bought a new position in Ford Motor during the third quarter valued at $33,000. Access Investment Management LLC purchased a new stake in shares of Ford Motor in the third quarter valued at $34,000. Finally, Modus Advisors LLC bought a new stake in shares of Ford Motor in the 4th quarter worth about $34,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $9.96 on Thursday. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock’s fifty day moving average price is $10.44 and its 200-day moving average price is $10.97. The firm has a market cap of $39.58 billion, a P/E ratio of 11.32, a P/E/G ratio of 1.89 and a beta of 1.64. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 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 business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 6.02%. Ford Motor’s dividend payout ratio is currently 68.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on F shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a research note on Tuesday, October 29th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Barclays dropped their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.83.

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.