Ford Motor Company (NYSE:F) Sees Significant Decline in Short Interest
Ford Motor Company (NYSE:F) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 128,793,104 shares, a decrease of 3.5% from the June 15th total of 133,487,504 shares. Currently, 3.3% of the company’s stock are short sold. Based on an average daily trading volume, of 35,575,790 shares, the short-interest ratio is currently 3.6 days.
A number of equities research analysts have recently issued reports on F shares. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $15.00 target price on shares of Ford Motor in a report on Thursday, March 23rd. Zacks Investment Research cut shares of Ford Motor from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 29th. Tigress Financial reaffirmed a “buy” rating on shares of Ford Motor in a report on Thursday, March 30th. Nomura reaffirmed a “buy” rating and issued a $14.80 target price on shares of Ford Motor in a report on Tuesday, May 2nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a report on Friday, May 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $13.43.
In other 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 completion of the transaction, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in F. Vident Investment Advisory LLC boosted its stake in shares of Ford Motor by 0.4% in the fourth quarter. Vident Investment Advisory LLC now owns 184,544 shares of the auto manufacturer’s stock worth $2,239,000 after buying an additional 812 shares during the period. Advisor Partners LLC boosted its stake in shares of Ford Motor by 6.3% in the first quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after buying an additional 1,840 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Ford Motor by 130.3% in the first quarter. Acadian Asset Management LLC now owns 38,664 shares of the auto manufacturer’s stock worth $450,000 after buying an additional 21,879 shares during the period. Camelot Portfolios LLC boosted its stake in shares of Ford Motor by 16.0% in the first quarter. Camelot Portfolios LLC now owns 248,731 shares of the auto manufacturer’s stock worth $2,895,000 after buying an additional 34,317 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its stake in shares of Ford Motor by 133.0% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 584,761 shares of the auto manufacturer’s stock worth $6,805,000 after buying an additional 333,821 shares during the period. 55.58% of the stock is owned by institutional investors and hedge funds.
Shares of Ford Motor (NYSE F) opened at 11.75 on Wednesday. Ford Motor has a 12 month low of $10.67 and a 12 month high of $14.04. The firm has a 50-day moving average of $11.27 and a 200-day moving average of $11.76. The firm has a market cap of $46.79 billion, a price-to-earnings ratio of 12.51 and a beta of 1.11.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. Ford Motor had a net margin of 2.48% and a return on equity of 19.36%. The business had revenue of $36.48 billion during the quarter, compared to analysts’ expectations of $34.62 billion. During the same quarter in the previous year, the company earned $0.68 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts anticipate that Ford Motor will post $1.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a $0.15 dividend. The ex-dividend date is Thursday, July 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.11%. Ford Motor’s dividend payout ratio is presently 64.52%.
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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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