Traders Sell Ford Motor Co. (F) on Strength (F)
Traders sold shares of Ford Motor Co. (NYSE:F) on strength during trading on Wednesday. $83.72 million flowed into the stock on the tick-up and $134.75 million flowed out of the stock on the tick-down, for a money net flow of $51.03 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 $0.19 for the day and closed at $12.13
F has been the subject of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ford Motor in a research note on Wednesday, June 1st. TheStreet raised shares of Ford Motor to a “buy” rating in a research note on Thursday, May 26th. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Tuesday, May 3rd. Buckingham Research reissued a “buy” rating on shares of Ford Motor in a research note on Thursday, May 5th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $12.00 price objective (down previously from $13.00) on shares of Ford Motor in a research note on Tuesday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $14.66.
The firm has a market cap of $48.20 billion and a P/E ratio of 5.72. The company’s 50 day moving average is $13.08 and its 200-day moving average is $12.94.
Ford Motor (NYSE:F) last announced its quarterly earnings data 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 last year, the firm earned $0.47 EPS. The firm had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor Co. will post $1.93 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.95%.
In other news, EVP James D. Farley, Jr. sold 78,042 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 359,145 shares in the company, valued at approximately $4,780,219.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
A number of large investors recently made changes to their positions in F. Park National raised its stake in shares of 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 in the last quarter. Sawtooth Asset Management Inc. raised its stake in shares of Ford Motor by 5,336.3% in the fourth quarter. Sawtooth Asset Management Inc. now owns 374,886 shares of the auto manufacturer’s stock valued at $5,282,000 after buying an additional 367,990 shares in the last quarter. Twin Capital Management Inc. raised its stake in shares of Ford Motor by 0.5% in the fourth quarter. Twin Capital Management Inc. now owns 186,740 shares of the auto manufacturer’s stock valued at $2,631,000 after buying an additional 1,000 shares in the last quarter. BHF Kleinwort Benson Group S.A. bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $23,916,000. Finally, Toronto Dominion Bank raised its stake in shares of Ford Motor by 3.4% in the fourth quarter. Toronto Dominion Bank now owns 132,590 shares of the auto manufacturer’s stock valued at $1,868,000 after buying an additional 4,329 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.