Ford Motor Co. (F) Sees Large Volume Increase
Ford Motor Co. (NYSE:F) shares saw unusually-high trading volume on Friday . Approximately 29,720,437 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 38,353,899 shares.The stock last traded at $13.11 and had previously closed at $12.75.
Several brokerages have recently weighed in on F. Goldman Sachs Group Inc. set a $15.00 price target on Ford Motor and gave the company a “buy” rating in a research note on Thursday. Vetr cut Ford Motor from a “buy” rating to a “hold” rating and set a $14.03 price target for the company. in a research note on Thursday, March 31st. S&P Equity Research reissued a “strong-buy” rating and issued a $18.00 price target on shares of Ford Motor in a research note on Sunday, May 1st. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, May 3rd. Finally, Credit Agricole SA restated a “buy” rating and set a $15.00 target price on shares of Ford Motor in a research report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Ford Motor has an average rating of “Buy” and a consensus price target of $15.47.
The stock has a 50 day moving average price of $13.04 and a 200-day moving average price of $12.95. The stock has a market capitalization of $52.00 billion and a price-to-earnings ratio of 6.06.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, April 28th. The auto manufacturer reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.20. The company earned $35.26 billion during the quarter, compared to the consensus estimate of $35.69 billion. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts predict that Ford Motor Co. will post $2.09 EPS for the current fiscal year.
In related news, VP Stuart J. Rowley sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $13.34, for a total value of $173,420.00. Following the transaction, the vice president now directly owns 26,683 shares of the company’s stock, valued at approximately $355,951.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP James D. Farley, Jr. sold 78,042 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $13.31, for a total value of $1,038,739.02. Following the completion of the transaction, the executive vice president now directly owns 359,145 shares in the company, valued at $4,780,219.95. The disclosure for this sale can be found here.
Other institutional investors have added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in Ford Motor by 0.8% in the fourth quarter. California Public Employees Retirement System now owns 10,557,654 shares of the auto manufacturer’s stock valued at $148,757,000 after buying an additional 85,400 shares during the period. Busey Trust CO raised its stake in shares of Ford Motor by 8.6% in the fourth quarter. Busey Trust CO now owns 448,027 shares of the auto manufacturer’s stock worth $6,312,000 after buying an additional 35,352 shares in the last quarter. Fiduciary Trust Co. raised its stake in shares of Ford Motor by 96.2% in the fourth quarter. Fiduciary Trust Co. now owns 72,178 shares of the auto manufacturer’s stock worth $1,017,000 after buying an additional 35,397 shares in the last quarter. Leisure Capital Management raised its stake in shares of Ford Motor by 2.9% in the fourth quarter. Leisure Capital Management now owns 90,342 shares of the auto manufacturer’s stock worth $1,273,000 after buying an additional 2,532 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Ford Motor by 1,517.9% in the fourth quarter. First Citizens Bank & Trust Co. now owns 288,197 shares of the auto manufacturer’s stock worth $4,061,000 after buying an additional 270,384 shares in the last quarter.
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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