Ford Motor Company $F Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its holdings in Ford Motor Company (NYSE:F) by 22.0% in the second quarter, Holdings Channel.com reports. The firm owned 569,087 shares of the auto manufacturer’s stock after selling 160,645 shares during the period. Sanctuary Advisors LLC’s holdings in Ford Motor were worth $7,910,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. MV Capital Management Inc. purchased a new stake in Ford Motor in the 4th quarter valued at about $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. Legacy Wealth Managment LLC ID lifted its holdings in shares of Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,230 shares during the period. Johnson Financial Group Inc. lifted its holdings in shares of Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after acquiring an additional 837 shares during the period. Finally, Caldwell Trust Co boosted its position in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock worth $29,000 after acquiring an additional 2,175 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Down 3.4%

F opened at $13.93 on Tuesday. The firm’s 50 day moving average is $14.10 and its 200-day moving average is $13.51. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $55.53 billion, a P/E ratio of -7.45, a P/E/G ratio of 0.30 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, August 11th. Ford Motor’s dividend payout ratio is presently -32.09%.

Analyst Ratings Changes

F has been the subject of a number of recent analyst reports. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Wells Fargo & Company increased their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. TD Cowen lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research note on Friday, July 31st. Finally, Jefferies Financial Group upgraded Ford Motor from a “hold” rating to a “buy” rating and upped their price objective for the stock from $14.50 to $17.50 in a report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.68.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.