Traders Buy Ford Motor Co. (F) on Weakness
Traders purchased shares of Ford Motor Co. (NYSE:F) on weakness during trading hours on Thursday. $80.34 million flowed into the stock on the tick-up and $60.76 million flowed out of the stock on the tick-down, for a money net flow of $19.58 million into the stock. Of all companies tracked, Ford Motor had the 50th highest net in-flow for the day. Ford Motor traded down ($0.16) for the day and closed at $12.44
Several research firms have issued reports on F. Jefferies Group restated a “sell” rating and set a $10.00 price objective on shares of Ford Motor in a report on Wednesday, August 17th. JPMorgan Chase & Co. restated a “buy” rating on shares of Ford Motor in a report on Wednesday, June 1st. Rodman & Renshaw began coverage on Ford Motor in a report on Monday, July 18th. They set a “buy” rating on the stock. Buckingham Research restated a “buy” rating on shares of Ford Motor in a report on Thursday, May 5th. Finally, Piper Jaffray Cos. began coverage on Ford Motor in a report on Thursday, June 9th. They set an “overweight” rating and a $17.00 price objective on the stock. Five investment 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 company’s stock. Ford Motor has a consensus rating of “Hold” and a consensus price target of $14.57.
The company has a market cap of $49.43 billion and a P/E ratio of 5.87. The stock has a 50 day moving average price of $12.75 and a 200 day moving average price of $13.02.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Ford Motor Co. will post $1.88 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were issued a $0.15 dividend. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.82%.
In related news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other large investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised 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 period. Schwab Charles Investment Management Inc. raised 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 period. Finally, American International Group Inc. raised 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 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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