Investors Buy Shares of Ford Motor Co. (F) on Weakness
Traders bought shares of Ford Motor Co. (NYSE:F) on weakness during trading hours on Tuesday. $86.62 million flowed into the stock on the tick-up and $65.31 million flowed out of the stock on the tick-down, for a money net flow of $21.31 million into the stock. Of all companies tracked, Ford Motor had the 27th highest net in-flow for the day. Ford Motor traded down ($0.11) for the day and closed at $12.00
A number of equities research analysts recently weighed in on F shares. Goldman Sachs Group Inc. set a $15.00 price objective on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 price objective on the stock. in a research report on Monday, July 4th. Tigress Financial restated a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Tuesday, June 21st. Finally, TheStreet upgraded Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.07.
The firm has a market capitalization of $47.68 billion, a P/E ratio of 5.66 and a beta of 1.30. The stock’s 50-day moving average is $12.35 and its 200-day moving average is $13.01.
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Ford Motor (NYSE:F) last posted its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The business earned $39.50 million during the quarter, compared to the consensus estimate of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 earnings per share. On average, equities research analysts anticipate that Ford Motor Co. will post $1.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.60 annualized dividend and a yield of 5.00%. Ford Motor’s dividend payout ratio (DPR) is presently 29.27%.
In related news, Director John C. Lechleiter acquired 5,000 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $306,500. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Evercore Wealth Management LLC raised its stake in shares of Ford Motor by 9.0% in the second quarter. Evercore Wealth Management LLC now owns 29,046 shares of the auto manufacturer’s stock valued at $365,000 after buying an additional 2,396 shares during the period. Williams Jones & Associates LLC raised its position in Ford Motor by 1,349.7% in the second quarter. Williams Jones & Associates LLC now owns 39,489 shares of the auto manufacturer’s stock valued at $496,000 after buying an additional 36,765 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Ford Motor during the second quarter valued at about $1,980,000. Kentucky Retirement Systems acquired a new position in Ford Motor during the second quarter valued at about $4,171,000. Finally, Mason Street Advisors LLC acquired a new position in Ford Motor during the second quarter valued at about $6,606,000. Institutional investors and hedge funds own 56.06% of the company’s stock.
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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