Investors Buy Shares of Ford Motor Co. (F) on Weakness
Investors purchased shares of Ford Motor Co. (NYSE:F) on weakness during trading on Thursday. $80.34 million flowed into the stock on the tick-up and $60.76 million flowed out of the stock on the tick-down, for a money net flow of $19.58 million into the stock. Of all equities tracked, Ford Motor had the 50th highest net in-flow for the day. Ford Motor traded down ($0.16) for the day and closed at $12.44
Several research firms have recently commented on F. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Ford Motor in a report on Wednesday, June 1st. TheStreet raised shares of Ford Motor to a “buy” rating in a report on Thursday, May 26th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $15.00 price target on shares of Ford Motor in a report on Monday, May 16th. Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 price target (down from $13.00) on shares of Ford Motor in a report on Tuesday, August 2nd. Finally, Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.41 price target for the company in a report on Wednesday, August 3rd. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.57.
The stock’s 50 day moving average price is $12.72 and its 200-day moving average price is $13.02. The firm has a market capitalization of $49.67 billion and a PE ratio of 5.90.
Ford Motor (NYSE:F) last released its earnings results 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. During the same quarter in the previous year, the firm posted $0.47 EPS. The business had revenue of $39.50 million for the quarter, compared to the consensus estimate of $36.29 billion. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that Ford Motor Co. will post $1.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, July 26th. This represents a $0.60 dividend on an annualized basis and a yield of 4.80%.
In other Ford Motor news, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $306,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
A hedge fund recently raised its stake in Ford Motor stock. Dimensional Fund Advisors LP boosted its position in shares of Ford Motor Co. (NYSE:F) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,727,974 shares of the auto manufacturer’s stock after buying an additional 1,485,978 shares during the period. Dimensional Fund Advisors LP owned 0.82% of Ford Motor worth $461,153,000 as of its most recent filing with the SEC.
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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