Traders Sell Shares of Ford Motor Co. (F) on Strength (F)
Investors sold shares of Ford Motor Co. (NYSE:F) on strength during trading on Thursday. $74.57 million flowed into the stock on the tick-up and $96.66 million flowed out of the stock on the tick-down, for a money net flow of $22.09 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 $0.18 for the day and closed at $13.92
A number of brokerages have issued reports on F. Vetr downgraded shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price objective on the stock. in a research report on Thursday. Barclays PLC reissued an “equal weight” rating and set a $13.00 price objective (down from $14.00) on shares of Ford Motor in a research report on Tuesday. Rodman & Renshaw began coverage on shares of Ford Motor in a research report on Monday. They set a “buy” rating on the stock. Zacks Investment Research downgraded shares of Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Goldman Sachs Group Inc. set a $15.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a research report on Thursday, July 7th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.42.
The firm has a market cap of $55.30 billion and a PE ratio of 6.44. The firm has a 50-day moving average of $13.11 and a 200 day moving average of $12.93.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, April 28th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.20. The company earned $35.26 billion during the quarter, compared to analysts’ expectations of $35.69 billion. During the same quarter last year, the firm earned $0.23 EPS. Ford Motor’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities analysts expect that Ford Motor Co. will post $2.09 earnings per share for the current fiscal year.
The company 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 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Tuesday, July 26th.
In other news, VP Stuart J. Rowley sold 13,000 shares of Ford Motor stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $13.34, for a total value of $173,420.00. Following the transaction, the vice president now owns 26,683 shares of the company’s stock, valued at approximately $355,951.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph R. Hinrichs sold 60,000 shares of Ford Motor stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 511,661 shares in the company, valued at approximately $6,815,324.52. The disclosure for this sale can be found here.
A number of hedge funds recently added to or reduced their stakes in the company. 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 valued at $1,090,000 after buying an additional 1,052 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $1,122,000. Brown Advisory Securities LLC boosted its stake in shares of Ford Motor by 27.9% in the fourth quarter. Brown Advisory Securities LLC now owns 80,003 shares of the auto manufacturer’s stock valued at $1,123,000 after buying an additional 17,466 shares during the last quarter. ARGI Investment Services LLC boosted its stake in shares of Ford Motor by 146.4% in the fourth quarter. ARGI Investment Services LLC now owns 92,354 shares of the auto manufacturer’s stock valued at $1,301,000 after buying an additional 54,878 shares during the last quarter. Finally, Wills Financial Group Inc. boosted its stake in shares of Ford Motor by 13.8% in the fourth quarter. Wills Financial Group Inc. now owns 100,491 shares of the auto manufacturer’s stock valued at $1,415,000 after buying an additional 12,193 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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