Short Interest in Ford Motor (F) Decreases By 11.0%
Ford Motor (NYSE:F) saw a large decline in short interest in October. As of October 31st, there was short interest totalling 116,304,899 shares, a decline of 11.0% from the October 15th total of 130,625,751 shares. Based on an average daily trading volume, of 64,091,049 shares, the short-interest ratio is currently 1.8 days. Currently, 3.0% of the shares of the stock are short sold.
F has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, October 5th. Nomura reduced their price objective on Ford Motor from $9.00 to $8.10 and set a “neutral” rating on the stock in a research report on Tuesday, October 30th. TheStreet lowered Ford Motor from a “b-” rating to a “c+” rating in a research report on Monday, August 13th. Zacks Investment Research lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Finally, ValuEngine upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $11.27.
NYSE F opened at $9.54 on Wednesday. Ford Motor has a 12 month low of $8.17 and a 12 month high of $13.48. The stock has a market capitalization of $37.27 billion, a price-to-earnings ratio of 5.36, a P/E/G ratio of 1.32 and a beta of 0.68. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.08 and a current ratio of 1.21.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be given a $0.15 dividend. The ex-dividend date is Monday, October 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.29%. Ford Motor’s dividend payout ratio (DPR) is presently 33.71%.
In other news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $9.54, for a total transaction of $124,020.00. Following the completion of the transaction, the vice president now owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ray T. Charley purchased 4,000 shares of the stock in a transaction dated Monday, October 29th. The shares were acquired at an average cost of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Kiley Juergens Wealth Management LLC bought a new stake in shares of Ford Motor during the 2nd quarter valued at about $101,000. Credit Agricole S A raised its stake in Ford Motor by 135.0% during the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after buying an additional 5,400 shares during the period. CLARET ASSET MANAGEMENT Corp acquired a new position in Ford Motor during the 3rd quarter worth approximately $106,000. Kaizen Advisory LLC raised its stake in Ford Motor by 155.5% during the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after buying an additional 5,931 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in Ford Motor during the 2nd quarter worth approximately $112,000. Hedge funds and other institutional investors own 54.11% of the company’s stock.
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About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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