Harbour Investments Inc. grew its position in shares of Ford Motor (NYSE:F - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,521 shares of the auto manufacturer's stock after purchasing an additional 57,301 shares during the period. Harbour Investments Inc.'s holdings in Ford Motor were worth $1,629,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of F. Albion Financial Group UT raised its stake in shares of Ford Motor by 38.5% during the fourth quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer's stock valued at $36,000 after acquiring an additional 1,000 shares during the last quarter. Brighton Jones LLC raised its position in Ford Motor by 5.4% during the 4th quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer's stock valued at $195,000 after purchasing an additional 1,001 shares during the last quarter. Angeles Wealth Management LLC lifted its holdings in Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer's stock worth $799,000 after buying an additional 1,024 shares during the period. Atlas Brown Inc. grew its position in shares of Ford Motor by 1.7% in the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer's stock worth $627,000 after buying an additional 1,047 shares during the last quarter. Finally, Cornerstone Wealth Group LLC grew its position in shares of Ford Motor by 10.6% in the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer's stock worth $113,000 after buying an additional 1,098 shares during the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on F. TD Cowen assumed coverage on Ford Motor in a research note on Friday, March 7th. They issued a "hold" rating and a $10.00 price target for the company. Barclays lowered shares of Ford Motor from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wells Fargo & Company decreased their price target on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Royal Bank of Canada lowered their price objective on shares of Ford Motor from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Thursday, February 6th. Finally, Jefferies Financial Group downgraded Ford Motor from a "hold" rating to an "underperform" rating and reduced their target price for the stock from $12.00 to $9.00 in a report on Monday, December 16th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.50.
Read Our Latest Report on Ford Motor
Ford Motor Stock Up 0.3 %
NYSE:F traded up $0.04 on Friday, reaching $10.05. 240,572,990 shares of the stock traded hands, compared to its average volume of 61,947,510. The company has a market capitalization of $39.81 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company's fifty day simple moving average is $9.73 and its 200 day simple moving average is $10.31. Ford Motor has a 12 month low of $9.06 and a 12 month high of $14.85.
Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Equities analysts predict that Ford Motor will post 1.47 EPS for the current fiscal year.
Ford Motor Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a yield of 5.97%. Ford Motor's payout ratio is 41.10%.
About Ford Motor
(
Free Report)
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.
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