Investors Sell Ford Motor Co. (F) on Strength (F)
Traders sold shares of Ford Motor Co. (NYSE:F) on strength during trading hours on Thursday. $56.00 million flowed into the stock on the tick-up and $120.38 million flowed out of the stock on the tick-down, for a money net flow of $64.38 million out of the stock. Of all equities tracked, Ford Motor had the 0th highest net out-flow for the day. Ford Motor traded up $0.11 for the day and closed at $13.59
Several analysts recently weighed in on F shares. Zacks Investment Research downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Vetr downgraded Ford Motor from a “strong-buy” rating to a “buy” rating and set a $14.37 price objective for the company. in a report on Wednesday, April 13th. JPMorgan Chase & Co. restated a “buy” rating and issued a $18.00 price objective on shares of Ford Motor in a report on Wednesday, March 23rd. Barclays PLC restated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, May 27th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $15.00 price objective on shares of Ford Motor in a report on Monday, May 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has an average rating of “Buy” and a consensus target price of $15.47.
The firm has a market capitalization of $53.99 billion and a price-to-earnings ratio of 6.29. The firm has a 50-day moving average of $13.06 and a 200 day moving average of $12.94.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 28th. The auto manufacturer reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.20. The company earned $35.26 billion during the quarter, compared to analyst estimates of $35.69 billion. During the same period last year, the firm earned $0.23 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. On average, analysts anticipate that Ford Motor Co. will post $2.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.42%.
In other Ford Motor news, EVP Joseph R. Hinrichs sold 60,000 shares of the business’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $13.32, for a total transaction of $799,200.00. Following the completion of the sale, the executive vice president now owns 511,661 shares of the company’s stock, valued at $6,815,324.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James D. Farley, Jr. sold 78,042 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 359,145 shares of the company’s stock, valued at approximately $4,780,219.95. The disclosure for this sale can be found here.
A number of large investors have recently bought and sold shares of F. Parsons Capital Management Inc. RI increased its stake in Ford Motor by 1.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 77,346 shares of the auto manufacturer’s stock worth $1,090,000 after buying an additional 1,052 shares during the period. Trexquant Investment LP purchased a new stake in Ford Motor during the fourth quarter worth about $1,122,000. Brown Advisory Securities LLC increased its stake in Ford Motor by 27.9% in the fourth quarter. Brown Advisory Securities LLC now owns 80,003 shares of the auto manufacturer’s stock worth $1,123,000 after buying an additional 17,466 shares during the period. ARGI Investment Services LLC increased its stake in Ford Motor by 146.4% in the fourth quarter. ARGI Investment Services LLC now owns 92,354 shares of the auto manufacturer’s stock worth $1,301,000 after buying an additional 54,878 shares during the period. Finally, Calamos Wealth Management LLC increased its stake in Ford Motor by 5.6% in the fourth quarter. Calamos Wealth Management LLC now owns 95,844 shares of the auto manufacturer’s stock worth $1,350,000 after buying an additional 5,108 shares during the period.
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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