Ford Motor Company $F Shares Sold by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors reduced its Ford stake by 25.9% in the second quarter, selling 96,614 shares and retaining 275,710 shares valued at approximately $3.83 million. Institutional investors collectively own 58.74% of Ford’s stock.
• Analyst sentiment remains mixed: Ford has an average rating of “Hold” and an average price target of $15.68, with recent targets ranging from $11 to $20.
• Ford reported quarterly earnings of $0.42 per share, exceeding estimates of $0.33, while revenue reached $48.30 billion. The company also pays a quarterly dividend of $0.15 per share, representing a 4.3% annualized yield.

Sequoia Financial Advisors LLC decreased its position in shares of Ford Motor Company (NYSE:F - Free Report) by 25.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of F. Maripau Wealth Management LLC grew its position in Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer's stock valued at $538,000 after acquiring an additional 749 shares in the last quarter. Wayfinding Financial LLC lifted its position in shares of Ford Motor by 5.8% during the second quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer's stock worth $189,000 after purchasing an additional 754 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer's stock valued at $144,000 after purchasing an additional 756 shares during the period. Southern Financial Group LLC boosted its stake in shares of Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer's stock valued at $401,000 after purchasing an additional 776 shares during the period. Finally, Bernicke Wealth Management Ltd. grew its holdings in shares of Ford Motor by 2.0% in the second quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer's stock valued at $553,000 after purchasing an additional 792 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on F shares. Wall Street Zen downgraded shares of Ford Motor from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Wells Fargo & Company boosted 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. Bank of America upped their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. BNP Paribas Exane increased their price objective on Ford Motor from $14.00 to $14.50 and gave the company a "neutral" rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ford Motor in a report on Wednesday, June 24th. Eight investment 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's stock. According to data from MarketBeat, Ford Motor currently has an average rating of "Hold" and an average target price of $15.68.

Ford Motor Stock Up 0.7%

Shares of NYSE:F opened at $13.97 on Friday. The firm's 50 day moving average price is $14.14 and its 200 day moving average price is $13.53. The stock has a market cap of $55.72 billion, a price-to-earnings ratio of -7.47, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. Ford Motor Company has a fifty-two week low of $11.11 and a fifty-two 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.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company had revenue of $48.30 billion during the quarter, compared to analysts' expectations of $47.24 billion. During the same quarter in the previous year, the business posted $0.37 EPS. The firm's revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

Ford Motor Profile

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.

Want to see what other hedge funds are holding F? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ford Motor Company (NYSE:F - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.