Sanctuary Advisors LLC lifted its position in Ford Motor Company (NYSE:F – Free Report) by 40.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 729,732 shares of the auto manufacturer’s stock after buying an additional 210,964 shares during the period. Sanctuary Advisors LLC’s holdings in Ford Motor were worth $8,421,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Ford Motor by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 2.8% during the 4th 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 buying an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC increased its position in 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 valued at $1,394,697,000 after buying an additional 1,255,349 shares in the last quarter. Norges Bank purchased a new stake in Ford Motor in the fourth quarter valued at about $674,437,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Ford Motor by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock worth $601,687,000 after acquiring an additional 125,534 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.
Wall Street Analysts Forecast Growth
F has been the subject of several research analyst reports. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Barclays upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. TD Cowen lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. BNP Paribas Exane boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $14.79.
Ford Motor Stock Performance
Shares of NYSE F opened at $14.22 on Friday. The company has a 50 day simple moving average of $14.30 and a two-hundred day simple moving average of $13.40. The stock has a market cap of $56.68 billion, a price-to-earnings ratio of -9.18, a PEG ratio of 0.32 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. Ford Motor Company has a 12 month low of $10.68 and a 12 month high of $17.78.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, analysts predict that Ford Motor Company will post 1.66 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.
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.
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