Ford Motor (NYSE:F – Get Rating) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 103,810,000 shares, a decrease of 9.2% from the July 15th total of 114,390,000 shares. Based on an average daily volume of 62,780,000 shares, the short-interest ratio is presently 1.7 days.
Ford Motor Trading Down 1.8 %
Shares of F traded down $0.29 during mid-day trading on Wednesday, reaching $16.14. The company’s stock had a trading volume of 2,558,250 shares, compared to its average volume of 71,631,984. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 1.92. Ford Motor has a 52 week low of $10.61 and a 52 week high of $25.87. The company’s fifty day moving average price is $12.94 and its two-hundred day moving average price is $14.81. The stock has a market cap of $64.89 billion, a PE ratio of 5.74, a P/E/G ratio of 0.86 and a beta of 1.33.
Ford Motor (NYSE:F – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The auto manufacturer reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.24. Ford Motor had a return on equity of 16.91% and a net margin of 7.86%. The firm had revenue of $37.91 billion for the quarter, compared to analysts’ expectations of $35.17 billion. During the same period last year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. On average, analysts predict that Ford Motor will post 2.09 earnings per share for the current fiscal year.
Ford Motor Increases Dividend
Insiders Place Their Bets
In other Ford Motor news, insider Ashwani Kumar Galhotra sold 25,892 shares of the business’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total value of $321,319.72. Following the transaction, the insider now owns 511,605 shares of the company’s stock, valued at $6,349,018.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Ford Motor
Institutional investors have recently added to or reduced their stakes in the company. Northeast Financial Consultants Inc lifted its stake in shares of Ford Motor by 1.4% in the 4th quarter. Northeast Financial Consultants Inc now owns 41,529 shares of the auto manufacturer’s stock valued at $863,000 after purchasing an additional 581 shares during the last quarter. Wade G W & Inc. lifted its stake in Ford Motor by 3.4% during the fourth quarter. Wade G W & Inc. now owns 17,890 shares of the auto manufacturer’s stock worth $372,000 after purchasing an additional 587 shares in the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of Ford Motor by 10.3% in the second quarter. Kistler Tiffany Companies LLC now owns 7,012 shares of the auto manufacturer’s stock valued at $78,000 after buying an additional 656 shares in the last quarter. Zeke Capital Advisors LLC raised its holdings in shares of Ford Motor by 1.6% in the 2nd quarter. Zeke Capital Advisors LLC now owns 42,323 shares of the auto manufacturer’s stock valued at $471,000 after buying an additional 656 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Ford Motor by 14.2% in the second quarter. EverSource Wealth Advisors LLC now owns 5,312 shares of the auto manufacturer’s stock valued at $59,000 after purchasing an additional 659 shares during the period. Hedge funds and other institutional investors own 52.35% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Benchmark dropped their price objective on Ford Motor to $23.00 in a research note on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft upped their price target on Ford Motor from $12.00 to $13.00 in a research report on Thursday, July 28th. Wells Fargo & Company decreased their price objective on Ford Motor from $12.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, July 11th. Morgan Stanley upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Tuesday, August 2nd. Finally, Tigress Financial lifted their target price on shares of Ford Motor from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, May 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.74.
Ford Motor Company Profile
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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