Ford Motor Co. (F) Shares Gap Up to $13.74
Ford Motor Co. (NYSE:F) shares gapped up before the market opened on Thursday . The stock had previously closed at $13.66, but opened at $13.74. Ford Motor shares last traded at $13.94, with a volume of 28,692,186 shares.
Several research firms have recently weighed in on F. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Ford Motor in a research note on Wednesday, June 1st. TheStreet upgraded Ford Motor to a “buy” rating in a research note on Thursday, May 26th. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, May 3rd. Buckingham Research restated a “buy” rating on shares of Ford Motor in a research note on Thursday, May 5th. Finally, Barclays PLC restated an “equal weight” rating and issued a $13.00 target price (down previously from $14.00) on shares of Ford Motor in a research note on Tuesday. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Ford Motor has an average rating of “Hold” and an average target price of $15.42.
The firm has a market cap of $54.98 billion and a PE ratio of 6.41. The stock’s 50-day moving average is $13.13 and its 200-day moving average is $12.93.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, April 28th. The auto manufacturer reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.20. During the same period last year, the company earned $0.23 EPS. The business earned $35.26 billion during the quarter, compared to the consensus estimate of $35.69 billion. The business’s revenue was up 10.9% on a year-over-year basis. Equities analysts anticipate that Ford Motor Co. will post $2.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, July 28th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Tuesday, July 26th.
In other news, EVP Joseph R. Hinrichs sold 60,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 511,661 shares of the company’s stock, valued at approximately $6,815,324.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stuart J. Rowley sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were sold at an average price of $13.34, for a total value of $173,420.00. Following the completion of the sale, the vice president now directly owns 26,683 shares of the company’s stock, valued at $355,951.22. The disclosure for this sale can be found here.
Other large investors recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its stake in Ford Motor by 1.4% in the fourth quarter. Parsons Capital Management Inc. RI now owns 77,346 shares of the auto manufacturer’s stock valued at $1,090,000 after buying an additional 1,052 shares during the last quarter. Trexquant Investment LP bought a new stake in Ford Motor during the fourth quarter valued at about $1,122,000. Brown Advisory Securities LLC raised its stake in Ford Motor by 27.9% in the fourth quarter. Brown Advisory Securities LLC now owns 80,003 shares of the auto manufacturer’s stock valued at $1,123,000 after buying an additional 17,466 shares during the last quarter. ARGI Investment Services LLC raised its stake in Ford Motor by 146.4% in the fourth quarter. ARGI Investment Services LLC now owns 92,354 shares of the auto manufacturer’s stock valued at $1,301,000 after buying an additional 54,878 shares during the last quarter. Finally, Wills Financial Group Inc. raised its stake in Ford Motor by 13.8% in the fourth quarter. Wills Financial Group Inc. now owns 100,491 shares of the auto manufacturer’s stock valued at $1,415,000 after buying an additional 12,193 shares during 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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