Investors 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 Thursday. $56.00 million flowed into the stock on the tick-up and $120.38 million flowed out of the stock on the tick-down, for a money net flow of $64.38 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 $0.11 for the day and closed at $13.59
A number of research firms have commented on F. Royal Bank Of Canada increased their price target on Ford Motor from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, April 29th. Vetr lowered Ford Motor from a “buy” rating to a “hold” rating and set a $14.47 price objective on the stock. in a report on Friday, April 29th. S&P Equity Research reissued a “strong-buy” rating and issued a $18.00 price objective on shares of Ford Motor in a report on Sunday, May 1st. Bank of America Corp. lowered Ford Motor from a “buy” rating to a “neutral” rating and increased their price objective for the company from $16.00 to $17.00 in a report on Friday, April 29th. Finally, Zacks Investment Research raised Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $15.47.
The company has a market cap of $53.91 billion and a PE ratio of 6.28. The company has a 50-day moving average price of $13.06 and a 200 day moving average price of $12.93.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Thursday, April 28th. The auto manufacturer reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.20. The company had revenue of $35.26 billion for the quarter, compared to analysts’ expectations of $35.69 billion. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Analysts forecast that Ford Motor Co. will post $2.09 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders 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 yield of 4.42%. The ex-dividend date of this dividend is Tuesday, July 26th.
In other Ford Motor news, EVP James D. Farley, Jr. sold 78,042 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $13.31, for a total transaction of $1,038,739.02. Following the transaction, the executive vice president now owns 359,145 shares in the company, valued at approximately $4,780,219.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph R. Hinrichs sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $13.32, for a total value of $799,200.00. Following the transaction, the executive vice president now owns 511,661 shares in the company, valued at approximately $6,815,324.52. The disclosure for this sale can be found here.
A number of institutional investors have added to or reduced their stakes in F. Park National boosted its position in Ford Motor by 3.7% in the fourth quarter. Park National now owns 1,195,760 shares of the auto manufacturer’s stock valued at $16,848,000 after buying an additional 42,680 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Ford Motor by 1.5% in the fourth quarter. Neuberger Berman Group LLC now owns 100,726 shares of the auto manufacturer’s stock worth $1,419,000 after buying an additional 1,525 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Ford Motor by 25.6% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,193,316 shares of the auto manufacturer’s stock worth $16,814,000 after buying an additional 243,159 shares in the last quarter. Profund Advisors LLC boosted its stake in Ford Motor by 28.0% in the fourth quarter. Profund Advisors LLC now owns 111,016 shares of the auto manufacturer’s stock worth $1,564,000 after buying an additional 24,305 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in Ford Motor by 17.4% in the fourth quarter. ProShare Advisors LLC now owns 740,297 shares of the auto manufacturer’s stock worth $10,431,000 after buying an additional 109,591 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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