Investors Sell Shares of Ford Motor Co. (F) on Strength (F)
Investors sold shares of Ford Motor Co. (NYSE:F) on strength during trading hours on Tuesday. $58.97 million flowed into the stock on the tick-up and $101.71 million flowed out of the stock on the tick-down, for a money net flow of $42.74 million out of the stock. Of all equities tracked, Ford Motor had the 0th highest net out-flow for the day. Ford Motor traded up $0.06 for the day and closed at $12.42
A number of analysts recently issued reports on the company. Deutsche Bank AG reissued a “hold” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. set a $15.00 target price on Ford Motor and gave the stock a “buy” rating in a research note on Thursday, July 7th. Zacks Investment Research cut Ford Motor from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. S&P Equity Research reissued a “strong-buy” rating and set a $18.00 target price on shares of Ford Motor in a research note on Sunday, May 1st. Finally, Credit Agricole SA reissued a “buy” rating and set a $15.00 target price on shares of Ford Motor in a research note on Monday, May 16th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.60.
The company has a 50-day moving average price of $12.85 and a 200-day moving average price of $12.99. The company has a market cap of $49.35 billion and a P/E ratio of 5.86.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. On average, equities research analysts predict that Ford Motor Co. will post $1.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors 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 yield of 4.83%.
In related news, Director John C. Lechleiter acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The shares were acquired 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 approximately $306,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Several hedge funds have added to or reduced their stakes in F. Trexquant Investment LP acquired a new stake in Ford Motor during the fourth quarter valued at $1,122,000. Dimensional Fund Advisors LP boosted its stake in 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 valued at $461,153,000 after buying an additional 1,485,978 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in Ford Motor by 9.7% in the fourth quarter. State of Tennessee Treasury Department now owns 2,173,900 shares of the auto manufacturer’s stock valued at $30,631,000 after buying an additional 191,657 shares during the last quarter. American International Group Inc. boosted its stake in Ford Motor by 2.9% in the fourth quarter. American International Group Inc. now owns 2,374,748 shares of the auto manufacturer’s stock valued at $33,460,000 after buying an additional 66,292 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Ford Motor by 3.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 11,692,874 shares of the auto manufacturer’s stock valued at $164,753,000 after buying an additional 432,669 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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