Ford Motor Co. (F) Shares Gap Up to $13.74
Ford Motor Co. (NYSE:F) gapped up prior to trading on Thursday . The stock had previously closed at $13.66, but opened at $13.74. Ford Motor shares last traded at $13.94, with a volume of 28,692,186 shares trading hands.
A number of research firms have issued reports on F. Royal Bank Of Canada increased their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, April 29th. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $14.47 price target on the stock. in a report on Friday, April 29th. S&P Equity Research restated a “strong-buy” rating and set a $18.00 price target on shares of Ford Motor in a report on Sunday, May 1st. Bank of America Corp. downgraded shares of Ford Motor from a “buy” rating to a “neutral” rating and raised their price target for the company from $16.00 to $17.00 in a report on Friday, April 29th. Finally, Zacks Investment Research upgraded shares of 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $15.42.
The stock has a market capitalization of $55.30 billion and a PE ratio of 6.44. The stock’s 50-day moving average is $13.11 and its 200 day moving average is $12.93.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, April 28th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.20. During the same period last year, the company posted $0.23 earnings per share. The firm had revenue of $35.26 billion for the quarter, compared to the consensus estimate of $35.69 billion. The business’s revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that Ford Motor Co. will post $2.09 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, July 26th.
In related news, EVP Joseph R. Hinrichs sold 60,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $13.32, for a total value of $799,200.00. Following the transaction, the executive vice president now directly owns 511,661 shares in the company, valued at $6,815,324.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Stuart J. Rowley sold 13,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $13.34, for a total transaction of $173,420.00. Following the completion of the transaction, the vice president now owns 26,683 shares in the company, valued at $355,951.22. The disclosure for this sale can be found here.
Several institutional investors have added to or reduced their stakes in the stock. 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 valued at $1,422,000 after buying an additional 10,336 shares during the period. J. Goldman & Co LP acquired a new position in Ford Motor during the fourth quarter valued at approximately $12,764,000. Winton Capital Group Ltd increased its position in 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 period. Neuberger Berman Group LLC increased its position in Ford Motor by 1.5% in the fourth quarter. Neuberger Berman Group LLC now owns 100,726 shares of the auto manufacturer’s stock valued at $1,419,000 after buying an additional 1,525 shares during the period. Finally, Andra AP fonden increased its position in Ford Motor by 43.8% in the fourth quarter. Andra AP fonden now owns 297,900 shares of the auto manufacturer’s stock valued at $4,197,000 after buying an additional 90,700 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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