Traders Sell Shares of Ford Motor Co. (F) on Strength (F)
Traders sold shares of Ford Motor Co. (NYSE:F) on strength during trading hours on Friday. $58.02 million flowed into the stock on the tick-up and $95.27 million flowed out of the stock on the tick-down, for a money net flow of $37.25 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 $0.11 for the day and closed at $12.19
A number of equities research analysts have issued reports on the company. Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Ford Motor in a research note on Tuesday, April 12th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $14.37 price target for the company. in a research note on Wednesday, April 13th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $18.00 price target on shares of Ford Motor in a research note on Tuesday, April 19th. Bank of America Corp. lowered Ford Motor from a “buy” rating to a “neutral” rating and increased their price target for the stock from $16.00 to $17.00 in a research note on Friday, April 29th. Finally, Royal Bank Of Canada increased their price target on Ford Motor from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, April 29th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Ford Motor presently has an average rating of “Hold” and an average price target of $14.66.
The company has a market cap of $48.43 billion and a price-to-earnings ratio of 5.75. The company has a 50-day moving average price of $13.03 and a 200 day moving average price of $12.93.
Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The firm had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. On average, equities research analysts anticipate that Ford Motor Co. will post $1.87 EPS for the current year.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.92%.
In other news, EVP James D. Farley, Jr. sold 78,042 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $13.31, for a total transaction of $1,038,739.02. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
A number of institutional investors have bought and sold shares of the company. BHF Kleinwort Benson Group S.A. acquired a new position in Ford Motor during the fourth quarter worth $23,916,000. Dimensional Fund Advisors LP raised its position 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 during the last quarter. Principal Financial Group Inc. raised its position in 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. J. Goldman & Co LP acquired a new position in Ford Motor during the fourth quarter worth $12,764,000. Finally, Alpine Woods Capital Investors LLC raised its position in Ford Motor by 74.4% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 992,670 shares of the auto manufacturer’s stock worth $13,987,000 after buying an additional 423,500 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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