Ford Motor Company (F) Lowered to “Equal Weight” at Barclays PLC
Barclays PLC cut shares of Ford Motor Company (NYSE:F) from an overweight rating to an equal weight rating in a report issued on Friday. They currently have $14.00 price target on the auto manufacturer’s stock, up from their previous price target of $12.12.
A number of other brokerages have also issued reports on F. Standpoint Research upgraded shares of Ford Motor from a hold rating to a buy rating in a research report on Wednesday, October 4th. FIG Partners restated a hold rating on shares of Ford Motor in a research report on Monday, October 9th. TheStreet upgraded shares of Ford Motor from a c+ rating to a b- rating in a research report on Thursday, October 5th. Vetr upgraded shares of Ford Motor from a hold rating to a buy rating and set a $13.34 target price on the stock in a research report on Wednesday, October 4th. Finally, ValuEngine raised Ford Motor from a hold rating to a buy rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $12.44.
Shares of Ford Motor (NYSE:F) traded down 0.58% during trading on Friday, hitting $12.05. 44,597,334 shares of the company traded hands. The company has a market capitalization of $47.86 billion, a price-to-earnings ratio of 12.68 and a beta of 1.12. The company has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.31. Ford Motor has a 52 week low of $10.47 and a 52 week high of $13.27.
Ford Motor (NYSE:F) last announced its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.13. The business 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 company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. On average, analysts expect that Ford Motor will post $1.75 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is 63.16%.
In other news, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the transaction, the vice president now directly owns 10 shares of the company’s stock, valued at approximately $110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven R. Armstrong sold 22,076 shares of Ford Motor stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The disclosure for this sale can be found here. Insiders sold a total of 217,700 shares of company stock valued at $2,486,044 in the last 90 days. 1.08% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bridgewater Associates LP acquired a new position in shares of Ford Motor in the 1st quarter valued at about $2,342,000. Mathes Company Inc. acquired a new position in shares of Ford Motor in the 2nd quarter valued at about $571,000. CWA Asset Management Group LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at about $122,000. AE Wealth Management LLC lifted its stake in shares of Ford Motor by 37.5% in the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock valued at $1,990,000 after purchasing an additional 46,598 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Ford Motor by 133.0% in the 1st quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock valued at $6,805,000 after purchasing an additional 333,821 shares in the last quarter. 54.35% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Company Profile
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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