Sanctuary Advisors LLC Cuts Holdings in Ford Motor (NYSE:F)

Sanctuary Advisors LLC lessened its position in Ford Motor (NYSE:F - Free Report) by 28.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,137 shares of the auto manufacturer's stock after selling 168,023 shares during the period. Sanctuary Advisors LLC's holdings in Ford Motor were worth $4,641,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Sculati Wealth Management LLC raised its position in shares of Ford Motor by 4.7% in the 3rd quarter. Sculati Wealth Management LLC now owns 37,774 shares of the auto manufacturer's stock valued at $399,000 after purchasing an additional 1,709 shares in the last quarter. Virtu Financial LLC acquired a new stake in Ford Motor during the third quarter valued at approximately $1,045,000. Second Line Capital LLC increased its position in shares of Ford Motor by 20.7% in the third quarter. Second Line Capital LLC now owns 15,277 shares of the auto manufacturer's stock worth $161,000 after acquiring an additional 2,625 shares in the last quarter. Sunbelt Securities Inc. raised its position in Ford Motor by 21.4% during the third quarter. Sunbelt Securities Inc. now owns 40,674 shares of the auto manufacturer's stock valued at $430,000 after buying an additional 7,175 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in Ford Motor during the third quarter valued at approximately $3,210,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on F. Royal Bank of Canada restated a "sector perform" rating and set a $10.00 price target on shares of Ford Motor in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research note on Wednesday, October 30th. Wells Fargo & Company lowered their price target on Ford Motor from $10.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday, September 10th. Jefferies Financial Group lowered Ford Motor from a "hold" rating to an "underperform" rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday. Finally, The Goldman Sachs Group raised Ford Motor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ford Motor currently has a consensus rating of "Hold" and a consensus price target of $11.83.

Ford Motor Stock Down 3.9 %

F stock traded down $0.41 during midday trading on Monday, reaching $9.99. 96,170,053 shares of the company's stock traded hands, compared to its average volume of 53,981,047. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.90 and a beta of 1.62. Ford Motor has a 52 week low of $9.49 and a 52 week high of $14.85. The firm's fifty day moving average price is $10.85 and its 200-day moving average price is $11.31. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion for the quarter, compared to the consensus estimate of $45.13 billion. During the same period in the prior year, the firm earned $0.39 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a $0.15 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 6.01%. Ford Motor's dividend payout ratio (DPR) is presently 68.18%.

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.