Sanctuary Advisors LLC Cuts Stock Holdings in Ford Motor Company $F

Sanctuary Advisors LLC lowered its position in Ford Motor Company (NYSE:F) by 22.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Ford Motor by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after acquiring an additional 4,087,699 shares during the period. BlackRock Inc. acquired a new stake in Ford Motor in the second quarter valued at $4,649,131,000. Charles Schwab Investment Management Inc. lifted its holdings in Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after acquiring an additional 4,089,779 shares during the period. Geode Capital Management LLC boosted its position in shares of Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after purchasing an additional 1,255,349 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Ford Motor during the 2nd quarter worth $717,218,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Down 3.4%

Shares of NYSE:F opened at $13.93 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. Ford Motor Company has a 52-week low of $11.11 and a 52-week high of $17.78. The stock’s fifty day simple moving average is $14.10 and its 200-day simple moving average is $13.51. The company 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 posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $19.00 to $20.00 in a report on Wednesday, July 29th. Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. DZ Bank upgraded shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Friday, July 31st. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and lifted their price target for the company from $14.50 to $17.50 in a research report on Monday, July 27th. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus target price of $15.68.

Ford Motor Profile

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.