Harbour Investments Inc. Has $1.13 Million Stock Position in Ford Motor (NYSE:F)

Harbour Investments Inc. increased its position in shares of Ford Motor (NYSE:F) by 14.5% during the third quarter, Holdings Channel reports. The institutional investor owned 107,220 shares of the auto manufacturer’s stock after purchasing an additional 13,564 shares during the period. Harbour Investments Inc.’s holdings in Ford Motor were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Olistico Wealth LLC purchased a new stake in shares of Ford Motor in the second quarter worth approximately $25,000. Family Firm Inc. purchased a new stake in shares of Ford Motor in the second quarter worth approximately $26,000. Quarry LP purchased a new stake in shares of Ford Motor in the second quarter worth approximately $27,000. Ridgewood Investments LLC purchased a new stake in shares of Ford Motor in the second quarter worth approximately $28,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Ford Motor in the second quarter worth approximately $30,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Trading Down 0.3 %

NYSE F opened at $11.07 on Friday. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The stock has a 50-day moving average of $10.77 and a 200-day moving average of $11.52. The firm has a market cap of $44.00 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The company had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. During the same quarter in the previous year, the company posted $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Ford Motor will post 1.82 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Wall Street Analysts Forecast Growth

F has been the subject of a number of research analyst reports. Sanford C. Bernstein downgraded Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a research report on Thursday, November 7th. Morgan Stanley downgraded Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Barclays decreased their price target on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price target for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.02.

Ford Motor 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.