Ford Motor Company (NYSE:F) Downgraded by BidaskClub to “Sell”
BidaskClub cut shares of Ford Motor Company (NYSE:F) from a hold rating to a sell rating in a research note issued to investors on Friday.
A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Ford Motor from a buy rating to a hold rating in a report on Saturday, June 17th. Piper Jaffray Companies reaffirmed a buy rating and set a $14.00 price objective on shares of Ford Motor in a report on Friday. Bank of America Corp reaffirmed a buy rating and set a $12.50 price objective (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Vetr raised Ford Motor from a buy rating to a strong-buy rating and set a $12.60 price objective on the stock in a report on Thursday, July 6th. Finally, Wolfe Research assumed coverage on Ford Motor in a report on Tuesday, June 13th. They set a market perform rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given 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 $13.27.
Ford Motor (NYSE F) opened at 11.22 on Friday. The company has a market cap of $44.56 billion, a P/E ratio of 11.81 and a beta of 1.11. The firm’s 50-day moving average price is $11.31 and its 200-day moving average price is $11.68. Ford Motor has a 12-month low of $10.67 and a 12-month high of $13.27.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The company’s quarterly revenue was down .5% compared to the same quarter last year. Analysts expect that Ford Motor will post $1.67 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, July 24th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 63.16%.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the sale, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.08% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the company. Wealthfront Inc. bought a new position in shares of Ford Motor during the fourth quarter worth $434,000. Teachers Advisors LLC raised its position in shares of Ford Motor by 7.9% in the fourth quarter. Teachers Advisors LLC now owns 7,735,818 shares of the auto manufacturer’s stock worth $93,835,000 after buying an additional 566,217 shares during the last quarter. Integrated Investment Consultants LLC raised its position in shares of Ford Motor by 2.6% in the first quarter. Integrated Investment Consultants LLC now owns 19,637 shares of the auto manufacturer’s stock worth $229,000 after buying an additional 500 shares during the last quarter. Liberty Capital Management Inc. raised its position in shares of Ford Motor by 534.8% in the first quarter. Liberty Capital Management Inc. now owns 113,193 shares of the auto manufacturer’s stock worth $1,318,000 after buying an additional 95,362 shares during the last quarter. Finally, Rathbone Brothers plc raised its position in shares of Ford Motor by 4.5% in the first quarter. Rathbone Brothers plc now owns 11,500 shares of the auto manufacturer’s stock worth $134,000 after buying an additional 500 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.
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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