Traders Buy Ford Motor Co. (F) on Weakness
Investors purchased shares of Ford Motor Co. (NYSE:F) on weakness during trading on Monday. $75.70 million flowed into the stock on the tick-up and $46.15 million flowed out of the stock on the tick-down, for a money net flow of $29.55 million into the stock. Of all equities tracked, Ford Motor had the 7th highest net in-flow for the day. Ford Motor traded down ($0.03) for the day and closed at $12.36
A number of analysts recently weighed in on F shares. Vetr upgraded shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price target for the company in a research note on Monday, June 27th. Piper Jaffray Cos. started coverage on shares of Ford Motor in a research note on Thursday, June 9th. They set an “overweight” rating and a $17.00 price target for the company. Rodman & Renshaw started coverage on shares of Ford Motor in a research note on Monday, July 18th. They set a “buy” rating for the company. Seaport Global Securities began coverage on shares of Ford Motor in a research note on Tuesday, August 9th. They set a “buy” rating and a $20.00 price target for the company. Finally, Daiwa Capital Markets cut shares of Ford Motor from a “neutral” rating to an “underperform” rating in a research note on Monday, August 1st. Five analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Ford Motor has a consensus rating of “Hold” and an average target price of $14.60.
The stock has a market capitalization of $49.11 billion and a price-to-earnings ratio of 5.83. The company has a 50 day moving average price of $12.87 and a 200 day moving average price of $12.98.
Ford Motor (NYSE:F) last released its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. During the same period last year, the firm posted $0.47 EPS. The firm earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts predict that Ford Motor Co. will post $1.88 EPS for the current year.
The firm 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. The ex-dividend date is Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.85%.
In other Ford Motor news, Director John C. Lechleiter purchased 5,000 shares of the stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $306,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Several institutional investors have bought and sold shares of F. Flippin Bruce & Porter Inc. boosted its position in Ford Motor by 2.6% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 421,062 shares of the auto manufacturer’s stock worth $5,933,000 after buying an additional 10,572 shares during the period. Victory Capital Management Inc. boosted its position in shares of Ford Motor by 58.0% in the fourth quarter. Victory Capital Management Inc. now owns 216,456 shares of the auto manufacturer’s stock worth $3,049,000 after buying an additional 79,493 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Ford Motor during the fourth quarter worth about $3,649,000. Gyroscope Capital Management Group LLC boosted its position in shares of Ford Motor by 0.6% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 238,973 shares of the auto manufacturer’s stock worth $3,367,000 after buying an additional 1,508 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ford Motor by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,727,974 shares of the auto manufacturer’s stock worth $461,153,000 after buying an additional 1,485,978 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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