Traders Sell Ford Motor Co. (F) on Strength (F)
Investors sold shares of Ford Motor Co. (NYSE:F) on strength during trading hours on Tuesday. $44.77 million flowed into the stock on the tick-up and $125.52 million flowed out of the stock on the tick-down, for a money net flow of $80.75 million out of the stock. Of all stocks tracked, Ford Motor had the 0th highest net out-flow for the day. Ford Motor traded up $0.18 for the day and closed at $13.86
F has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Friday, April 29th. Bank of America Corp. cut shares of Ford Motor from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $16.00 to $17.00 in a report on Friday, April 29th. Vetr cut shares of Ford Motor from a “buy” rating to a “hold” rating and set a $14.47 price objective for the company. in a report on Friday, April 29th. Barclays PLC reiterated an “equal weight” rating and set a $13.00 price objective (down from $14.00) on shares of Ford Motor in a report on Tuesday, July 19th. Finally, Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, May 3rd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $15.42.
The firm has a 50 day moving average price of $13.17 and a 200-day moving average price of $12.94. The stock has a market cap of $55.06 billion and a price-to-earnings ratio of 6.42.
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, beating analysts’ consensus estimates of $0.48 by $0.20. During the same quarter in the prior year, the business posted $0.23 earnings per share. The firm had revenue of $35.26 billion for the quarter, compared to the consensus estimate of $35.69 billion. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Ford Motor Co. will post $2.08 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, July 26th.
In related news, EVP James D. Farley, Jr. sold 78,042 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $13.31, for a total value of $1,038,739.02. Following the transaction, the executive vice president now owns 359,145 shares of the company’s stock, valued at $4,780,219.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Stuart J. Rowley sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The stock was sold at an average price of $13.34, for a total transaction of $173,420.00. Following the completion of the transaction, the vice president now directly owns 26,683 shares in the company, valued at approximately $355,951.22. The disclosure for this sale can be found here.
Several institutional investors have bought and sold shares of F. Parsons Capital Management Inc. RI increased its position 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 worth $1,090,000 after buying an additional 1,052 shares during the last quarter. Trexquant Investment LP acquired a new position in Ford Motor during the fourth quarter worth about $1,122,000. ARGI Investment Services LLC increased its position 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 worth $1,301,000 after buying an additional 54,878 shares during the last quarter. Wills Financial Group Inc. increased its position 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 worth $1,415,000 after buying an additional 12,193 shares during the last quarter. Finally, BOKF NA increased its position in Ford Motor by 11.4% in the fourth quarter. BOKF NA now owns 100,984 shares of the auto manufacturer’s stock worth $1,422,000 after buying an additional 10,336 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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