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 Wednesday. $43.50 million flowed into the stock on the tick-up and $86.45 million flowed out of the stock on the tick-down, for a money net flow of $42.95 million out of the stock. Of all companies tracked, Ford Motor had the 0th highest net out-flow for the day. Ford Motor traded up $0.08 for the day and closed at $12.55
A number of equities research analysts have recently weighed in on F shares. Zacks Investment Research lowered Ford Motor from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. JPMorgan Chase & Co. lowered their target price on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, July 29th. Vetr raised Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 target price for the company in a research note on Monday, June 27th. Barclays PLC reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Friday, May 27th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $15.00 target price on shares of Ford Motor in a research note on Monday, May 16th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has an average rating of “Hold” and an average price target of $14.57.
The firm’s 50-day moving average is $12.78 and its 200-day moving average is $13.03. The stock has a market cap of $50.06 billion and a PE ratio of 5.94.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. During the same period in the previous year, the company earned $0.47 earnings per share. The firm had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Ford Motor Co. will post $1.88 earnings per share for the current fiscal year.
The business 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. This represents a $0.60 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Tuesday, July 26th.
In related news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was purchased at an average price of $12.26 per share, with a total value of $61,300.00. Following the completion of the purchase, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Other institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of 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 period. American International Group Inc. increased its position in shares of 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 period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of 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 period.
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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