Ford Motor Co. (F) Sees Strong Trading Volume
Ford Motor Co. (NYSE:F) saw an uptick in trading volume on Thursday . 25,453,388 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 26,229,789 shares.The stock last traded at $12.44 and had previously closed at $12.60.
Several research firms have recently weighed in on F. Vetr downgraded shares of Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 target price on the stock. in a research report on Thursday, July 21st. Barclays PLC reissued an “equal weight” rating and issued a $13.00 target price (down from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Rodman & Renshaw began coverage on shares of Ford Motor in a research report on Monday, July 18th. They issued 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, July 18th. Finally, TheStreet raised shares of Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.57.
The stock’s 50 day moving average is $12.76 and its 200 day moving average is $13.03. The firm has a market cap of $49.43 billion and a PE ratio of 5.87.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.08. The firm had revenue of $39.50 million for the quarter, compared to the consensus estimate 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 forecast that Ford Motor Co. will post $1.88 earnings per share for the current fiscal year.
The firm also recently declared 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 annualized dividend and a dividend yield of 4.82%.
In other Ford Motor news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was bought at an average cost of $12.26 per share, with a total value of $61,300.00. Following the purchase, the director now directly owns 25,000 shares of the company’s stock, valued at $306,500. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Several institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted 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 valued at $461,153,000 after buying an additional 1,485,978 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position 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 valued at $164,753,000 after buying an additional 432,669 shares in the last quarter. Finally, American International Group Inc. boosted its position 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 valued at $33,460,000 after buying an additional 66,292 shares in 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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