Investors Buy Ford Motor Company (F) on Weakness
Investors purchased shares of Ford Motor Company (NYSE:F) on weakness during trading hours on Monday. $125.93 million flowed into the stock on the tick-up and $46.08 million flowed out of the stock on the tick-down, for a money net flow of $79.85 million into the stock. Of all stocks tracked, Ford Motor had the 4th highest net in-flow for the day. Ford Motor traded down ($0.03) for the day and closed at $10.92
Several research analysts have weighed in on F shares. Vetr cut shares of Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 price target on the stock. in a report on Wednesday, May 31st. Wolfe Research started coverage on shares of Ford Motor in a report on Tuesday, June 13th. They issued a “market perform” rating on the stock. Zacks Investment Research raised shares of Ford Motor from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Piper Jaffray Companies reissued a “buy” rating and issued a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $14.00 price target on shares of Ford Motor in a report on Wednesday, May 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.11.
The stock’s 50-day moving average price is $11.31 and its 200 day moving average price is $11.67. The stock has a market cap of $43.37 billion, a price-to-earnings ratio of 11.49 and a beta of 1.11.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. Equities analysts anticipate that Ford Motor Company will post $1.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the transaction, the insider now owns 428,411 shares of the company’s stock, valued at approximately $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the transaction, the vice president now directly owns 10 shares in the company, valued at approximately $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Rathbone Brothers plc boosted its stake in shares of Ford Motor by 4.5% in the first quarter. Rathbone Brothers plc now owns 11,500 shares of the auto manufacturer’s stock worth $134,000 after buying an additional 500 shares during the period. Stock Yards Bank & Trust Co. boosted its stake in shares of Ford Motor by 40.5% in the first quarter. Stock Yards Bank & Trust Co. now owns 23,833 shares of the auto manufacturer’s stock worth $278,000 after buying an additional 6,872 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Ford Motor by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 1,146,327 shares of the auto manufacturer’s stock worth $13,343,000 after buying an additional 14,200 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Ford Motor by 24.4% in the first quarter. Koshinski Asset Management Inc. now owns 21,018 shares of the auto manufacturer’s stock worth $245,000 after buying an additional 4,120 shares during the period. Finally, National Pension Service boosted its stake in shares of Ford Motor by 9.5% in the first quarter. National Pension Service now owns 2,948,618 shares of the auto manufacturer’s stock worth $34,440,000 after buying an additional 255,852 shares during the period. 55.23% of the stock is currently owned by hedge funds and other institutional investors.
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About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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