Investors Sell Ford Motor Co. (F) on Strength (F)
Investors sold shares of Ford Motor Co. (NYSE:F) on strength during trading hours 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 stocks 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 equities research analysts recently weighed in on F shares. Zacks Investment Research cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $14.37 price target on the stock. in a research report on Wednesday, April 13th. Barclays PLC reiterated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research report on Friday, May 27th. Citigroup Inc. reiterated a “neutral” rating and issued a $15.00 price target on shares of Ford Motor in a research report on Monday, May 16th. Finally, Piper Jaffray Cos. initiated coverage on shares of Ford Motor in a research report on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price target on the stock. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.42.
The firm has a 50 day moving average of $13.13 and a 200-day moving average of $12.93. The company has a market capitalization of $54.98 billion and a PE ratio of 6.41.
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, beating the 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 in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts predict that Ford Motor Co. will post $2.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.34%. The ex-dividend date is Tuesday, July 26th.
In other news, 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 transaction of $1,038,739.02. Following the sale, the executive vice president now owns 359,145 shares of the company’s stock, valued at $4,780,219.95. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 sale, the vice president now directly owns 26,683 shares in the company, valued at approximately $355,951.22. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. State of Tennessee Treasury Department raised its stake in Ford Motor by 9.7% in the fourth quarter. State of Tennessee Treasury Department now owns 2,173,900 shares of the auto manufacturer’s stock worth $30,631,000 after buying an additional 191,657 shares in the last quarter. Flippin Bruce & Porter Inc. raised its stake in Ford Motor by 2.6% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 421,062 shares of the auto manufacturer’s stock worth $5,933,000 after buying an additional 10,572 shares in the last quarter. Boyer & Corporon Wealth Management LLC raised its stake in Ford Motor by 69.0% in the fourth quarter. Boyer & Corporon Wealth Management LLC now owns 217,988 shares of the auto manufacturer’s stock worth $3,072,000 after buying an additional 89,036 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in 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 worth $461,153,000 after buying an additional 1,485,978 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in Ford Motor during the fourth quarter worth approximately $1,122,000.
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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