Traders Sell Ford Motor Co. (F) on Strength (F)
Investors sold shares of Ford Motor Co. (NYSE:F) on strength during trading on Tuesday. $37.75 million flowed into the stock on the tick-up and $79.40 million flowed out of the stock on the tick-down, for a money net flow of $41.65 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 $12.47
Several equities analysts have recently commented on the company. Vetr cut Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 target price for the company. in a research note on Thursday, July 21st. Barclays PLC reissued an “equal weight” rating and set a $13.00 price target (down from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Tuesday, May 3rd. Rodman & Renshaw assumed coverage on Ford Motor in a research report on Monday, July 18th. They set a “buy” rating on the stock. Finally, TheStreet raised Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $14.57.
The firm’s 50-day moving average price is $12.80 and its 200-day moving average price is $13.03. The company has a market capitalization of $49.86 billion and a price-to-earnings ratio of 5.92.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.47 earnings per share. Equities research analysts expect that Ford Motor Co. will post $1.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th will be given a $0.15 dividend. The ex-dividend date is Tuesday, July 26th. This represents a $0.60 annualized dividend and a yield of 4.78%.
In other Ford Motor news, Director John C. Lechleiter acquired 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Other institutional investors have modified their holdings of the company. Trexquant Investment LP acquired a new position in shares of Ford Motor during the fourth quarter valued at about $1,122,000. American International Group Inc. increased its stake in Ford Motor by 2.9% in the fourth quarter. American International Group Inc. now owns 2,374,748 shares of the auto manufacturer’s stock worth $33,460,000 after buying an additional 66,292 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Ford Motor by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 11,692,874 shares of the auto manufacturer’s stock worth $164,753,000 after buying an additional 432,669 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 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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