11,475 Shares in Ford Motor Company (F) Acquired by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC acquired a new stake in shares of Ford Motor Company (NYSE:F) during the first quarter, Holdings Channel reports. The institutional investor acquired 11,475 shares of the auto manufacturer’s stock, valued at approximately $134,000.
A number of other institutional investors have also recently bought and sold shares of F. Balentine LLC increased its position in Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the last quarter. TNB Financial purchased a new position in Ford Motor during the first quarter valued at approximately $119,000. GFS Advisors LLC purchased a new position in Ford Motor during the first quarter valued at approximately $121,000. GWM Advisors LLC purchased a new position in Ford Motor during the first quarter valued at approximately $117,000. Finally, CWA Asset Management Group LLC purchased a new position in Ford Motor during the first quarter valued at approximately $122,000. Institutional investors and hedge funds own 55.23% of the company’s stock.
Ford Motor Company (F) traded down 0.778% on Thursday, reaching $10.835. The company had a trading volume of 8,576,555 shares. The stock has a market capitalization of $43.03 billion, a PE ratio of 11.405 and a beta of 1.11. Ford Motor Company has a 12-month low of $10.67 and a 12-month high of $13.27. The stock’s 50 day moving average price is $11.26 and its 200-day moving average price is $11.61. Ford Motor also saw some unusual options trading activity on Tuesday. Investors purchased 16,478 put options on the company. This represents an increase of 112% compared to the typical daily volume of 7,783 put options.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Equities analysts expect that Ford Motor Company will post $1.76 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.49%. Ford Motor’s dividend payout ratio is currently 63.16%.
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Several research firms recently commented on F. BidaskClub downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday. Nomura reiterated a “neutral” rating and issued a $11.60 price objective (down previously from $14.00) on shares of Ford Motor in a research note on Friday, August 4th. Jefferies Group LLC restated a “neutral” rating on shares of Ford Motor in a research report on Monday. Instinet downgraded Ford Motor from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $14.80 to $11.60 in a research report on Wednesday. Finally, Piper Jaffray Companies restated a “buy” rating and set a $14.00 target price on shares of Ford Motor in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $12.60.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the sale, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Insiders own 1.08% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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