Traders Sell Ford Motor Co. (F) on Strength (F)
Investors sold shares of Ford Motor Co. (NYSE:F) on strength during trading on Monday. $37.75 million flowed into the stock on the tick-up and $79.40 million flowed out of the stock on the tick-down, for a money net flow of $41.65 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 $0.09 for the day and closed at $12.47
Several equities analysts have weighed in on the company. Buckingham Research reaffirmed a “buy” rating on shares of Ford Motor in a research note on Thursday, May 5th. Zacks Investment Research raised 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. Vetr raised Ford Motor from a “hold” rating to a “buy” rating and set a $14.64 price target for the company in a research note on Monday, May 2nd. Credit Agricole SA reissued a “buy” rating and issued a $15.00 price target on shares of Ford Motor in a research note on Monday, May 16th. Finally, TheStreet raised Ford Motor to a “buy” rating in a research note on Thursday, May 26th. Five equities 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 has an average rating of “Hold” and an average price target of $14.60.
The company has a market cap of $49.55 billion and a PE ratio of 5.88. The firm’s 50 day moving average price is $12.82 and its 200 day moving average price is $13.02.
Ford Motor (NYSE:F) last posted its quarterly earnings results 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 period last year, the company posted $0.47 EPS. The business earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Ford Motor Co. will post $1.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th will be paid 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 yield of 4.81%.
In related news, Director John C. Lechleiter purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was purchased at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Other hedge funds and institutional investors have modified their holdings of the company. Dimensional Fund Advisors LP increased 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 valued at $461,153,000 after buying an additional 1,485,978 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of 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 in the last quarter. Trexquant Investment LP acquired a new position in shares of Ford Motor during the fourth quarter valued at approximately $1,122,000. Finally, American International Group Inc. increased its position in shares of 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 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.
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