Ford Motor Co. (F) Sees Unusually-High Trading Volume
Ford Motor Co. (NYSE:F) shares saw unusually-high trading volume on Tuesday . Approximately 58,918,720 shares changed hands during trading, an increase of 48% from the previous session’s volume of 39,880,005 shares.The stock last traded at $12.02 and had previously closed at $12.48.
F has been the subject of a number of analyst reports. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective for the company in a research note on Monday, June 27th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $18.00 target price on shares of Ford Motor in a research note on Tuesday, April 19th. Piper Jaffray Cos. started coverage on Ford Motor in a research note on Thursday, June 9th. They issued an “overweight” rating and a $17.00 target price for the company. Rodman & Renshaw started coverage on Ford Motor in a research note on Monday, July 18th. They issued a “buy” rating for the company. Finally, Daiwa Capital Markets cut Ford Motor from a “neutral” rating to an “underperform” rating in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and an average target price of $14.66.
The stock has a 50 day moving average price of $13.10 and a 200 day moving average price of $12.95. The company has a market cap of $47.44 billion and a price-to-earnings ratio of 5.63.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The business earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. On average, analysts forecast that Ford Motor Co. will post $1.93 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%.
In other Ford Motor 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James D. Farley, Jr. sold 78,042 shares of Ford Motor stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 359,145 shares in the company, valued at approximately $4,780,219.95. The disclosure for this sale can be found here.
A number of large investors have modified their holdings of the stock. Aberdeen Asset Management PLC UK boosted its stake in shares of Ford Motor by 4.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 2,359,165 shares of the auto manufacturer’s stock worth $36,756,000 after buying an additional 90,008 shares during the last quarter. Principal Financial Group Inc. boosted 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 worth $88,387,000 after buying an additional 1,236,235 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Ford Motor by 3.4% in the fourth quarter. Toronto Dominion Bank now owns 132,590 shares of the auto manufacturer’s stock worth $1,868,000 after buying an additional 4,329 shares during the last quarter. BHF Kleinwort Benson Group S.A. acquired a new stake in shares of Ford Motor during the fourth quarter worth about $23,916,000. Finally, Twin Capital Management Inc. boosted its stake in shares of Ford Motor by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 186,740 shares of the auto manufacturer’s stock worth $2,631,000 after buying an additional 1,000 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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