Traders Sell Ford Motor Co. (F) on Strength (F)
Traders sold shares of Ford Motor Co. (NYSE:F) on strength during trading on Wednesday. $44.25 million flowed into the stock on the tick-up and $69.30 million flowed out of the stock on the tick-down, for a money net flow of $25.05 million out of the stock. Of all stocks tracked, Ford Motor had the 0th highest net out-flow for the day. Ford Motor traded up $0.09 for the day and closed at $13.74
Several research firms have recently weighed in on F. Royal Bank Of Canada lifted their price objective on Ford Motor from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, April 29th. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.64 price objective on the stock in a research note on Monday, May 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ford Motor in a research note on Wednesday, June 1st. Rodman & Renshaw began coverage on Ford Motor in a research note on Monday. They issued a “buy” rating on the stock. Finally, Buckingham Research reaffirmed a “buy” rating on shares of Ford Motor in a research note on Thursday, May 5th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has an average rating of “Hold” and a consensus price target of $15.42.
The stock has a market capitalization of $54.59 billion and a price-to-earnings ratio of 6.36. The firm’s 50 day moving average price is $13.09 and its 200 day moving average price is $12.92.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 28th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.20. During the same quarter last year, the company posted $0.23 EPS. The company 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. Analysts predict that Ford Motor Co. will post $2.09 earnings per share for the current fiscal 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 paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 4.37%.
In other news, VP Stuart J. Rowley sold 13,000 shares of the company’s stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $13.34, for a total transaction of $173,420.00. Following the completion of the sale, the vice president now owns 26,683 shares in the company, valued at approximately $355,951.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James D. Farley, Jr. sold 78,042 shares of the company’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 sale, the executive vice president now 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 hedge funds have made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Ford Motor by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 227,824,907 shares of the auto manufacturer’s stock valued at $3,210,053,000 after buying an additional 8,899,913 shares during the last quarter. BHF Kleinwort Benson Group S.A. acquired a new stake in shares of Ford Motor during the fourth quarter valued at $23,916,000. 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. Dimensional Fund Advisors LP increased its stake in shares of Ford Motor by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,727,974 shares of the auto manufacturer’s stock valued at $461,153,000 after buying an additional 1,485,978 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Ford Motor by 24.5% in the fourth quarter. Principal Financial Group Inc. now owns 6,273,036 shares of the auto manufacturer’s stock valued at $88,387,000 after buying an additional 1,236,235 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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