Investors Buy Ford Motor Company (F) on Weakness
Investors bought shares of Ford Motor Company (NYSE:F) on weakness during trading on Friday. $72.56 million flowed into the stock on the tick-up and $46.12 million flowed out of the stock on the tick-down, for a money net flow of $26.44 million into the stock. Of all equities tracked, Ford Motor had the 29th highest net in-flow for the day. Ford Motor traded down ($0.03) for the day and closed at $12.01
Several research firms recently commented on F. BidaskClub lowered shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Vetr lowered shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 price target on the stock. in a research report on Wednesday, September 27th. Nomura restated a “neutral” rating and set a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and dropped their price target for the company from $14.80 to $11.60 in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC reiterated a “neutral” rating on shares of Ford Motor in a research report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. Ford Motor presently has an average rating of “Hold” and a consensus target price of $12.63.
The stock has a market capitalization of $47,707.35, a P/E ratio of 7.15, a PEG ratio of 0.62 and a beta of 1.24. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. The business had revenue of $33.65 billion for the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 EPS. research analysts expect that Ford Motor Company will post 1.81 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, October 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend is Friday, October 20th. Ford Motor’s dividend payout ratio (DPR) is currently 54.55%.
In other Ford Motor news, insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total transaction of $273,080.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now owns 532,435 shares of the company’s stock, valued at approximately $6,037,812.90. The disclosure for this sale can be found here. Insiders have sold a total of 137,076 shares of company stock valued at $1,599,180 in the last quarter. 1.08% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of F. Balentine LLC raised its position in Ford Motor by 2.6% in the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock valued at $106,000 after purchasing an additional 231 shares during the last quarter. Captrust Financial Advisors purchased a new position in Ford Motor during the 2nd quarter worth $106,000. Archford Capital Strategies LLC raised its position in Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after buying an additional 676 shares during the last quarter. Reilly Financial Advisors LLC raised its position in Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after buying an additional 150 shares during the last quarter. Finally, Kelman Lazarov Inc. purchased a new position in Ford Motor during the 2nd quarter worth $116,000. Institutional investors and hedge funds own 54.31% of the company’s stock.
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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