Ford Motor (F) Short Interest Up 21.9% in January
Ford Motor (NYSE:F) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 139,268,034 shares, an increase of 21.9% from the January 12th total of 114,244,774 shares. Based on an average daily volume of 67,034,359 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.6% of the shares of the stock are short sold.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, January 9th. Royal Bank of Canada restated a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, December 20th. ValuEngine upgraded Ford Motor from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Cascend Securities cut Ford Motor to a “buy” rating in a report on Tuesday, December 5th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.54.
In other news, Director John C. Lechleiter acquired 5,000 shares of Ford Motor stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $10.28 per share, with a total value of $51,400.00. Following the purchase, the director now owns 30,000 shares in the company, valued at $308,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total value of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares of the company’s stock, valued at $1,246,278.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,752 shares of company stock valued at $603,965. 1.08% of the stock is owned by corporate insiders.
Ford Motor (NYSE F) traded up $0.15 during midday trading on Wednesday, hitting $10.74. The stock had a trading volume of 27,786,604 shares, compared to its average volume of 59,750,000. The stock has a market cap of $42,660.00, a PE ratio of 5.65, a PEG ratio of 0.64 and a beta of 1.14. The company has a current ratio of 1.23, a quick ratio of 1.12 and a debt-to-equity ratio of 2.94. Ford Motor has a fifty-two week low of $10.19 and a fifty-two week high of $13.48.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $38.50 billion for the quarter, compared to analysts’ expectations of $36.96 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.30 earnings per share. analysts expect that Ford Motor will post 1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, January 29th. Ford Motor’s dividend payout ratio is presently 31.58%.
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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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