Sequoia Financial Advisors LLC Increases Holdings in Ford Motor Company $F

Sequoia Financial Advisors LLC raised its holdings in shares of Ford Motor Company (NYSE:F) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 210,791 shares of the auto manufacturer’s stock after acquiring an additional 3,157 shares during the period. Sequoia Financial Advisors LLC’s holdings in Ford Motor were worth $2,287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in F. Grove Bank & Trust lifted its stake in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,882 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Ford Motor in the 2nd quarter valued at about $25,000. Elite Financial Inc. bought a new stake in shares of Ford Motor in the 1st quarter valued at about $27,000. Olde Wealth Management LLC bought a new stake in shares of Ford Motor in the 1st quarter valued at about $28,000. Finally, MorganRosel Wealth Management LLC bought a new position in Ford Motor during the 1st quarter valued at approximately $30,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Stock Up 0.8%

Shares of NYSE F opened at $11.75 on Thursday. The firm has a 50-day simple moving average of $11.70 and a two-hundred day simple moving average of $10.91. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $12.80. The company has a market cap of $46.74 billion, a P/E ratio of 15.06, a PEG ratio of 3.37 and a beta of 1.53.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.The company had revenue of $50.18 billion during the quarter, compared to analyst estimates of $42.91 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. Ford Motor’s revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, August 11th. Ford Motor’s dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on F shares. UBS Group upped their target price on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ford Motor in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Ford Motor from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Monday, July 21st. Dbs Bank cut Ford Motor from a “hold” rating to a “moderate sell” rating in a report on Monday, August 4th. Finally, Piper Sandler raised their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $11.04.

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.