Cornerstone Advisors LLC Increases Stock Position in Ford Motor (NYSE:F)

Cornerstone Advisors LLC grew its stake in shares of Ford Motor (NYSE:F) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,500 shares of the auto manufacturer’s stock after acquiring an additional 9,900 shares during the quarter. Cornerstone Advisors LLC’s holdings in Ford Motor were worth $688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in F. Vista Investment Partners II LLC bought a new stake in Ford Motor during the fourth quarter valued at approximately $904,000. Independent Advisor Alliance grew its position in Ford Motor by 8.4% during the fourth quarter. Independent Advisor Alliance now owns 100,711 shares of the auto manufacturer’s stock valued at $997,000 after buying an additional 7,788 shares during the period. Daiwa Securities Group Inc. grew its position in Ford Motor by 24.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 606,159 shares of the auto manufacturer’s stock valued at $6,257,000 after buying an additional 117,982 shares during the period. Sowell Financial Services LLC grew its position in Ford Motor by 4.0% during the fourth quarter. Sowell Financial Services LLC now owns 296,413 shares of the auto manufacturer’s stock valued at $2,934,000 after buying an additional 11,358 shares during the period. Finally, Jackson Hole Capital Partners LLC grew its position in Ford Motor by 22.4% during the fourth quarter. Jackson Hole Capital Partners LLC now owns 13,115 shares of the auto manufacturer’s stock valued at $130,000 after buying an additional 2,396 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

Ford Motor stock opened at $9.98 on Tuesday. The company has a market cap of $39.54 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.61 and a beta of 1.59. The firm’s fifty day moving average is $9.72 and its 200 day moving average is $10.37. 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 52-week low of $9.06 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. BNP Paribas upgraded shares of Ford Motor to a “hold” rating in a research report on Monday, February 10th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Bank of America dropped their price target on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a research report on Thursday, February 6th. Barclays lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $13.00 to $11.00 in a research report on Wednesday, January 22nd. Finally, Evercore ISI dropped their price target on shares of Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $11.77.

About Ford Motor

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.