Harbour Investments Inc. Trims Position in Ford Motor Company (NYSE:F)

Harbour Investments Inc. reduced its position in shares of Ford Motor Company (NYSE:F) by 7.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,066 shares of the auto manufacturer’s stock after selling 12,455 shares during the period. Harbour Investments Inc.’s holdings in Ford Motor were worth $1,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound View Wealth Advisors Group LLC boosted its stake in Ford Motor by 7.8% during the first quarter. Sound View Wealth Advisors Group LLC now owns 36,182 shares of the auto manufacturer’s stock worth $363,000 after buying an additional 2,628 shares during the period. Natixis Advisors LLC boosted its position in shares of Ford Motor by 212.5% during the 1st quarter. Natixis Advisors LLC now owns 1,009,873 shares of the auto manufacturer’s stock worth $10,129,000 after purchasing an additional 686,705 shares during the period. NorthRock Partners LLC increased its holdings in Ford Motor by 76.6% in the 1st quarter. NorthRock Partners LLC now owns 54,102 shares of the auto manufacturer’s stock valued at $543,000 after purchasing an additional 23,471 shares during the last quarter. North Star Asset Management Inc. acquired a new stake in Ford Motor in the 1st quarter valued at approximately $198,000. Finally, Howard Capital Management Inc. raised its position in Ford Motor by 4.3% in the first quarter. Howard Capital Management Inc. now owns 56,405 shares of the auto manufacturer’s stock valued at $566,000 after purchasing an additional 2,328 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the sale, the insider owned 113,939 shares of the company’s stock, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Ford Motor Stock Down 2.4%

Shares of NYSE F opened at $10.80 on Friday. The firm has a market cap of $42.95 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 3.23 and a beta of 1.49. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.97 and a current ratio of 1.10. Ford Motor Company has a 1 year low of $8.44 and a 1 year high of $11.97. The firm’s 50 day moving average price is $10.91 and its 200 day moving average price is $10.22.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS 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 business had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. During the same period in the prior year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.6%. The ex-dividend date is Monday, August 11th. Ford Motor’s dividend payout ratio is currently 76.92%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on F. Piper Sandler increased their target price on Ford Motor from $9.00 to $9.50 and gave the stock a “neutral” rating in a research note on Thursday. Sanford C. Bernstein cut shares of Ford Motor from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $9.40 to $7.00 in a research report on Wednesday, April 9th. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Sunday, July 20th. The Goldman Sachs Group increased their price target on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, May 6th. Finally, UBS Group boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $10.40.

Ford Motor Company Profile

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.