Traders Buy Shares of Ford Motor Co. (F) on Weakness
Investors bought shares of Ford Motor Co. (NYSE:F) on weakness during trading hours on Friday. $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 equities tracked, Ford Motor had the 32nd highest net in-flow for the day. Ford Motor traded down ($0.16) for the day and closed at $12.44
A number of research firms have recently issued reports on F. Vetr cut shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.85 price objective on the stock. in a research report on Tuesday. Deutsche Bank AG reissued a “hold” rating and set a $14.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Jefferies Group reissued a “sell” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Wednesday, August 17th. Seaport Global Securities began coverage on shares of Ford Motor in a research report on Tuesday, August 9th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Barclays PLC reissued an “equal weight” rating and set a $12.00 price objective (down previously from $13.00) on shares of Ford Motor in a research report on Tuesday, August 2nd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Ford Motor currently 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 company has a 50-day moving average of $12.72 and a 200-day moving average of $13.02.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.60 by $0.08. The company had revenue of $39.50 million for 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 in the prior year, the firm earned $0.47 earnings per share. On average, analysts predict that Ford Motor Co. will post $1.88 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 4.80%.
In other news, Director John C. Lechleiter bought 5,000 shares of the company’s stock in a transaction dated 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 owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
An institutional investor recently raised its position in Ford Motor stock. Schwab Charles Investment Management Inc. boosted its stake in Ford Motor Co. (NYSE:F) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.29% of Ford Motor worth $164,753,000 at the end of the most recent reporting 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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