Investors Sell Shares of Ford Motor Company (F) on Strength (F)
Traders sold shares of Ford Motor Company (NYSE:F) on strength during trading on Monday. $95.33 million flowed into the stock on the tick-up and $155.74 million flowed out of the stock on the tick-down, for a money net flow of $60.41 million out of the stock. Of all stocks tracked, Ford Motor had the 9th highest net out-flow for the day. Ford Motor traded up $0.32 for the day and closed at $11.35
A number of brokerages have issued reports on F. BidaskClub cut Ford Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. ValuEngine cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Piper Jaffray Companies reiterated a “buy” rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday, July 28th. Bank of America Corporation reiterated a “buy” rating and set a $12.50 price objective (down previously from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Finally, Instinet cut Ford Motor from a “buy” rating to a “neutral” rating and cut their price objective for the company from $14.80 to $11.60 in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and an average price target of $12.54.
The company has a market cap of $45.08 billion, a PE ratio of 11.95 and a beta of 1.12. The firm has a 50-day moving average of $11.05 and a 200-day moving average of $11.42.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same quarter last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts forecast that Ford Motor Company will post $1.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Monday, July 24th were issued a $0.15 dividend. The ex-dividend date was Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.29%. Ford Motor’s dividend payout ratio is presently 63.16%.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now directly owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Balentine LLC increased its position in shares of Ford Motor by 2.6% during the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 231 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Ford Motor during the second quarter valued at approximately $106,000. Archford Capital Strategies LLC increased its position in shares of Ford Motor by 7.8% during the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after acquiring an additional 676 shares during the last quarter. Reilly Financial Advisors LLC increased its position in shares of Ford Motor by 1.5% during the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after acquiring an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. purchased a new stake in shares of Ford Motor during the second quarter valued at approximately $116,000. 54.34% of the stock is owned by institutional investors.
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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