Ford Motor Co. (F) Sees Unusually-High Trading Volume
Ford Motor Co. (NYSE:F) saw strong trading volume on Thursday . 25,453,388 shares changed hands 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 analysts have recently weighed in on the stock. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.85 target price for the company. in a research note on Tuesday. Deutsche Bank AG restated a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, August 17th. Jefferies Group restated a “sell” rating and issued a $10.00 target price on shares of Ford Motor in a research note on Wednesday, August 17th. Seaport Global Securities assumed coverage on shares of Ford Motor in a research note on Tuesday, August 9th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Barclays PLC restated an “equal weight” rating and issued a $12.00 target price (down from $13.00) on shares of Ford Motor in a research note on Tuesday, August 2nd. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.57.
The firm has a market capitalization of $49.67 billion and a P/E ratio of 5.90. The firm’s 50-day moving average is $12.72 and its 200-day moving average is $13.02.
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 Zacks’ consensus estimate of $0.60 by $0.08. During the same quarter in the prior year, the company earned $0.47 EPS. The business had revenue of $39.50 million for the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts expect that Ford Motor Co. will post $1.88 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 4.80%.
In other Ford Motor news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were purchased at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the completion of 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 legal filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Ford Motor stock. Schwab Charles Investment Management Inc. increased its position in shares of Ford Motor Co. (NYSE:F) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,692,874 shares of the auto manufacturer’s stock after buying an additional 432,669 shares during the period. Schwab Charles Investment Management Inc. owned 0.29% of Ford Motor worth $164,753,000 as of its most recent SEC filing.
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.