Investors Buy Ford Motor (F) on Weakness
Investors purchased shares of Ford Motor (NYSE:F) on weakness during trading hours on Wednesday. $157.36 million flowed into the stock on the tick-up and $100.82 million flowed out of the stock on the tick-down, for a money net flow of $56.54 million into the stock. Of all equities tracked, Ford Motor had the 18th highest net in-flow for the day. Ford Motor traded down ($0.05) for the day and closed at $13.03
Several analysts have issued reports on the stock. Royal Bank of Canada restated a “buy” rating and issued a $13.00 price target on shares of Ford Motor in a research report on Monday, September 18th. Zacks Investment Research upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Tuesday, October 31st. Citigroup raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Vetr lowered shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.60 price target on the stock. in a research report on Friday, October 6th. Finally, Jefferies Group raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.62.
The firm has a market capitalization of $51,760.00, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.81 and a beta of 1.26. The company has a quick ratio of 1.08, a current ratio of 1.19 and a debt-to-equity ratio of 2.94.
Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $33.65 billion during the quarter, compared to the consensus estimate of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. equities research analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.
In related news, insider Steven R. Armstrong sold 10,752 shares of Ford Motor stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 18,000 shares of Ford Motor stock in a transaction dated 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 of the company’s stock, valued at $186,654. The disclosure for this sale can be found here. Insiders have sold a total of 47,752 shares of company stock valued at $603,965 over the last ninety days. 1.08% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in F. Legal & General Group Plc lifted its holdings in Ford Motor by 3.9% during the 2nd quarter. Legal & General Group Plc now owns 22,198,898 shares of the auto manufacturer’s stock valued at $248,432,000 after purchasing an additional 839,955 shares during the last quarter. Ballentine Partners LLC bought a new position in Ford Motor during the 2nd quarter valued at about $122,000. Aspiriant LLC bought a new position in Ford Motor during the 2nd quarter valued at about $125,000. Deprince Race & Zollo Inc. lifted its holdings in Ford Motor by 1.1% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 2,838,912 shares of the auto manufacturer’s stock valued at $31,767,000 after purchasing an additional 30,057 shares during the last quarter. Finally, Hartland & Co. LLC lifted its holdings in Ford Motor by 2.0% during the 2nd quarter. Hartland & Co. LLC now owns 51,442 shares of the auto manufacturer’s stock valued at $576,000 after purchasing an additional 1,001 shares during the last quarter. 53.61% of the stock is owned by hedge funds and other institutional investors.
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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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