San Luis Wealth Advisors LLC Raises Holdings in Ford Motor (NYSE:F)

San Luis Wealth Advisors LLC grew its holdings in shares of Ford Motor (NYSE:F) by 45.6% during the 4th quarter, HoldingsChannel reports. The firm owned 72,273 shares of the auto manufacturer’s stock after buying an additional 22,639 shares during the period. San Luis Wealth Advisors LLC’s holdings in Ford Motor were worth $716,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Assenagon Asset Management S.A. grew its holdings in Ford Motor by 14,373.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after buying an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Ford Motor by 112.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after purchasing an additional 6,348,185 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ford Motor by 4.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after buying an additional 5,270,562 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in Ford Motor in the third quarter valued at approximately $55,456,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of F opened at $9.78 on Wednesday. The firm has a market capitalization of $38.87 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 1.89 and a beta of 1.64. The firm’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $10.97. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. 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 announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the previous year, the business earned $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 6.13%. Ford Motor’s dividend payout ratio is presently 68.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on F shares. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 price target on shares of Ford Motor in a research report on Tuesday, October 29th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $11.83.

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.