Hartford Investment Management Co. Sells 5,303 Shares of Ford Motor (NYSE:F)

Hartford Investment Management Co. lowered its position in Ford Motor (NYSE:F) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 246,166 shares of the auto manufacturer’s stock after selling 5,303 shares during the period. Hartford Investment Management Co.’s holdings in Ford Motor were worth $2,600,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Global Assets Advisory LLC bought a new position in Ford Motor in the first quarter worth approximately $735,000. 180 Wealth Advisors LLC lifted its position in Ford Motor by 15.2% during the first quarter. 180 Wealth Advisors LLC now owns 51,147 shares of the auto manufacturer’s stock valued at $679,000 after purchasing an additional 6,767 shares in the last quarter. Hengehold Capital Management LLC grew its holdings in Ford Motor by 10.7% during the first quarter. Hengehold Capital Management LLC now owns 11,100 shares of the auto manufacturer’s stock valued at $147,000 after purchasing an additional 1,073 shares during the period. Hennessy Advisors Inc. increased its position in Ford Motor by 6.5% in the first quarter. Hennessy Advisors Inc. now owns 445,800 shares of the auto manufacturer’s stock worth $5,920,000 after buying an additional 27,200 shares in the last quarter. Finally, Register Financial Advisors LLC raised its stake in shares of Ford Motor by 13.5% in the first quarter. Register Financial Advisors LLC now owns 12,491 shares of the auto manufacturer’s stock worth $166,000 after buying an additional 1,485 shares during the period. Institutional investors own 58.74% of the company’s stock.

Ford Motor Stock Performance

NYSE:F opened at $11.23 on Friday. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market cap of $44.83 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 0.77 and a beta of 1.62. Ford Motor has a 1 year low of $9.49 and a 1 year high of $14.85. The stock’s 50 day simple moving average is $10.80 and its two-hundred day simple moving average is $11.72.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $47.79 billion. During the same period in the previous year, the company earned $0.72 EPS. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

F has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Finally, Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus price target of $12.56.

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.