Ford Motor (F) Short Interest Up 21.9% in January

Ford Motor (NYSE:F) was the target of a significant increase in short interest in 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 currently 2.1 days. Approximately 3.6% of the company’s stock are sold short.

F has been the topic of several research reports. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 31st. Morgan Stanley reiterated an “equal weight” rating on shares of Ford Motor in a report on Tuesday, November 28th. Piper Jaffray Companies set a $14.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a report on Monday, October 16th. Nomura decreased their price objective on shares of Ford Motor to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.54.

Ford Motor (NYSE F) opened at $10.53 on Monday. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 1.12. Ford Motor has a one year low of $10.19 and a one year high of $13.48. The company has a market cap of $41,830.00, a PE ratio of 5.54, a P/E/G ratio of 0.63 and a beta of 1.14.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.03). Ford Motor had a net margin of 4.85% and a return on equity of 21.71%. The business had revenue of $38.50 billion during the quarter, compared to analyst estimates of $36.96 billion. During the same quarter last year, the company posted $0.30 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. research analysts anticipate 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. Investors of record on Tuesday, January 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, January 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.70%. Ford Motor’s dividend payout ratio (DPR) is presently 31.58%.

In related news, insider Hau N. Thai-Tang sold 18,000 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $13.00, for a total transaction of $234,000.00. Following the transaction, the insider now directly owns 14,358 shares in the company, valued at $186,654. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the transaction, the insider now owns 101,159 shares in the company, valued at $1,246,278.88. The disclosure for this sale can be found here. In the last three months, insiders sold 47,752 shares of company stock worth $603,965. 1.08% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in F. Dimensional Fund Advisors LP lifted its position in Ford Motor by 1.0% during the third quarter. Dimensional Fund Advisors LP now owns 39,609,473 shares of the auto manufacturer’s stock worth $474,123,000 after purchasing an additional 410,123 shares during the period. Bank of New York Mellon Corp lifted its position in Ford Motor by 7.2% during the fourth quarter. Bank of New York Mellon Corp now owns 38,411,102 shares of the auto manufacturer’s stock worth $479,755,000 after purchasing an additional 2,594,016 shares during the period. Pzena Investment Management LLC lifted its position in Ford Motor by 1.8% during the fourth quarter. Pzena Investment Management LLC now owns 25,856,377 shares of the auto manufacturer’s stock worth $322,946,000 after purchasing an additional 446,561 shares during the period. LSV Asset Management lifted its position in Ford Motor by 1.6% during the fourth quarter. LSV Asset Management now owns 23,496,850 shares of the auto manufacturer’s stock worth $293,475,000 after purchasing an additional 364,500 shares during the period. Finally, Legal & General Group Plc lifted its position in Ford Motor by 3.8% during the third quarter. Legal & General Group Plc now owns 23,042,330 shares of the auto manufacturer’s stock worth $275,821,000 after purchasing an additional 843,432 shares during the period. Institutional investors and hedge funds own 54.10% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Ford Motor (F) Short Interest Up 21.9% in January” was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.americanbankingnews.com/2018/02/12/ford-motor-f-short-interest-up-21-9-in-january.html.

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.

Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply