Ford Motor Company (NYSE:F) Downgraded by Instinet
Instinet lowered shares of Ford Motor Company (NYSE:F) from a buy rating to a neutral rating in a research note published on Wednesday. Instinet currently has $11.60 price target on the auto manufacturer’s stock, down from their previous price target of $14.80.
Several other research firms have also commented on F. Royal Bank Of Canada reaffirmed a buy rating and set a $14.00 target price on shares of Ford Motor in a report on Friday, May 5th. Nomura lowered shares of Ford Motor to a hold rating in a research note on Saturday, August 5th. Berenberg Bank set a $10.00 target price on shares of Ford Motor and gave the company a sell rating in a research note on Monday, June 12th. Vetr raised shares of Ford Motor from a buy rating to a strong-buy rating and set a $12.65 target price on the stock in a research note on Tuesday, July 25th. Finally, BidaskClub lowered shares of Ford Motor from a hold rating to a sell rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $12.60.
Shares of Ford Motor (F) remained flat at $10.77 during trading on Wednesday. 32,300,117 shares of the stock traded hands. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $11.60. Ford Motor has a 1-year low of $10.67 and a 1-year high of $13.27. The firm has a market capitalization of $42.78 billion, a P/E ratio of 11.34 and a beta of 1.11.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Equities analysts expect that Ford Motor will post $1.76 EPS for the current year.
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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 5.57%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s payout ratio is presently 63.16%.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the transaction, the vice president now owns 10 shares in the company, valued at $110. The disclosure for this sale can be found here. Corporate insiders own 1.08% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Balentine LLC boosted its position in shares of Ford Motor by 2.6% in the first quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after buying an additional 231 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Ford Motor during the second quarter valued at about $106,000. Archford Capital Strategies LLC boosted its position in shares of Ford Motor by 7.8% in the first quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock valued at $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC boosted its position in shares of Ford Motor by 1.5% in the second quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock valued at $110,000 after buying an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. acquired a new position in shares of Ford Motor during the second quarter valued at about $116,000. Institutional investors own 55.23% of the company’s stock.
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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