Sequoia Financial Advisors LLC Reduces Stake in Ford Motor Company $F

Sequoia Financial Advisors LLC lessened its holdings in shares of Ford Motor Company (NYSE:F) by 25.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 275,710 shares of the auto manufacturer’s stock after selling 96,614 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ford Motor were worth $3,832,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. MV Capital Management Inc. acquired a new position in Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. acquired a new stake in Ford Motor during the fourth quarter worth approximately $26,000. Legacy Wealth Managment LLC ID raised its holdings in Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares in the last quarter. Johnson Financial Group Inc. lifted its position 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 buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co boosted its holdings in shares of Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 2,175 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on F shares. The Goldman Sachs Group increased their target price on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Royal Bank Of Canada upped their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. BNP Paribas Exane raised their price objective on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Finally, Bank of America boosted their target price on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Stock Performance

Shares of Ford Motor stock opened at $13.97 on Friday. The firm’s fifty day simple moving average is $14.14 and its 200-day simple moving average is $13.53. Ford Motor Company has a 12 month low of $11.11 and a 12 month high of $17.78. The stock has a market capitalization of $55.72 billion, a price-to-earnings ratio of -7.47, a PEG ratio of 0.29 and a beta of 1.83. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

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

Ford Motor Announces Dividend

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

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.