10,350 Shares in Ford Motor (NYSE:F) Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC acquired a new stake in shares of Ford Motor (NYSE:F) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 10,350 shares of the auto manufacturer’s stock, valued at approximately $130,000.

A number of other hedge funds have also recently modified their holdings of the business. Pinnacle Associates Ltd. increased its stake in shares of Ford Motor by 2.6% in the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after acquiring an additional 817 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Ford Motor by 29.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after acquiring an additional 828 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Ford Motor by 1.7% during the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after buying an additional 836 shares during the last quarter. Insight Wealth Partners LLC lifted its stake in Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after acquiring an additional 843 shares during the period. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 846 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on F shares. Evercore ISI upgraded shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada reduced their price objective on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Wolfe Research started coverage on Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.95.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $10.69 on Monday. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 2.30. Ford Motor has a 12 month low of $9.49 and a 12 month high of $14.85. The stock has a 50 day moving average of $11.47 and a 200 day moving average of $12.09. The firm has a market cap of $42.50 billion, a PE ratio of 11.02, a PEG ratio of 0.76 and a beta of 1.62.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to analysts’ expectations of $47.79 billion. During the same period last year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.88 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.61%. Ford Motor’s dividend payout ratio is currently 61.86%.

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.