Ford Motor Co. (F) Sees Significant Decrease in Short Interest
Ford Motor Co. (NYSE:F) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 140,862,294 shares, a decrease of 9.7% from the October 14th total of 155,980,740 shares. Currently, 3.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 32,567,517 shares, the days-to-cover ratio is currently 4.3 days.
Shares of Ford Motor (NYSE:F) opened at 11.87 on Friday. The company has a market cap of $47.17 billion, a P/E ratio of 6.56 and a beta of 1.12. The company’s 50-day moving average price is $11.92 and its 200 day moving average price is $12.62. Ford Motor has a 52 week low of $11.02 and a 52 week high of $14.76.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.06. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The company had revenue of $35.90 billion for the quarter, compared to analyst estimates of $32.70 billion. During the same period in the prior year, the company posted $0.45 EPS. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. Equities research analysts anticipate that Ford Motor will post $1.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, October 27th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Tuesday, October 25th. Ford Motor’s dividend payout ratio is presently 33.15%.
In other news, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the completion of the sale, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Ford Motor by 2.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,281,826 shares of the auto manufacturer’s stock worth $87,892,000 after buying an additional 173,200 shares in the last quarter. Garde Capital Inc. purchased a new position in shares of Ford Motor during the third quarter worth $1,151,000. Crow Point Partners LLC purchased a new position in shares of Ford Motor during the third quarter worth $195,000. Sawtooth Solutions LLC raised its position in shares of Ford Motor by 112.5% in the third quarter. Sawtooth Solutions LLC now owns 133,067 shares of the auto manufacturer’s stock worth $1,606,000 after buying an additional 70,454 shares in the last quarter. Finally, Balentine LLC raised its position in shares of Ford Motor by 1.8% in the third quarter. Balentine LLC now owns 8,815 shares of the auto manufacturer’s stock worth $106,000 after buying an additional 160 shares in the last quarter. 55.48% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts recently commented on F shares. Vetr lowered Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price target for the company. in a research note on Thursday, July 21st. Credit Agricole SA dropped their price target on Ford Motor from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. Goldman Sachs Group Inc. lowered Ford Motor from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $13.00 in a research note on Friday, July 29th. Citigroup Inc. dropped their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, July 29th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $12.00 price target on shares of Ford Motor in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.96.
Ford Motor Company Profile
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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