Ford Motor Co. (F) Sees Large Volume Increase
Ford Motor Co. (NYSE:F) saw an uptick in trading volume on Friday . 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 research analysts have recently commented on F shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ford Motor in a report on Wednesday, June 1st. TheStreet upgraded Ford Motor to a “buy” rating in a report on Thursday, May 26th. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday, May 3rd. Buckingham Research reiterated a “buy” rating on shares of Ford Motor in a report on Thursday, May 5th. Finally, Royal Bank Of Canada lifted their price target on Ford Motor from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Friday, April 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Ford Motor has an average rating of “Buy” and an average target price of $15.47.
The firm has a 50 day moving average of $13.04 and a 200-day moving average of $12.95. The firm has a market capitalization of $52.00 billion and a PE ratio of 6.06.
Ford Motor (NYSE:F) last released its earnings results on Thursday, April 28th. The auto manufacturer reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.20. During the same quarter last year, the company posted $0.23 earnings per share. The business had revenue of $35.26 billion for the quarter, compared to analysts’ expectations of $35.69 billion. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor Co. will post $2.09 EPS for the current year.
In other news, VP Stuart J. Rowley sold 13,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $355,951.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James D. Farley, Jr. sold 78,042 shares of the firm’s stock in a transaction dated Monday, May 16th. The stock was 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 owns 359,145 shares in the company, valued at $4,780,219.95. The disclosure for this sale can be found here.
Several institutional investors have recently added to or reduced their stakes in F. BOKF NA increased its position in Ford Motor by 11.4% in the fourth quarter. BOKF NA now owns 100,984 shares of the auto manufacturer’s stock worth $1,422,000 after buying an additional 10,336 shares during the period. J. Goldman & Co LP purchased a new position in Ford Motor during the fourth quarter worth approximately $12,764,000. Alps Advisors Inc. purchased a new position in Ford Motor during the fourth quarter worth approximately $20,203,000. Winton Capital Group Ltd increased its stake in shares of Ford Motor by 58.2% in the fourth quarter. Winton Capital Group Ltd now owns 4,061,319 shares of the auto manufacturer’s stock valued at $57,224,000 after buying an additional 1,494,466 shares during the last quarter. Finally, Fiduciary Trust Co. increased 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 valued at $1,017,000 after buying an additional 35,397 shares during 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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