Ford Motor Company (F) Sees Significant Growth in Short Interest

Ford Motor Company (NYSE:F) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 115,546,234 shares, a growth of 7.8% from the October 13th total of 107,153,649 shares. Based on an average daily volume of 36,790,285 shares, the days-to-cover ratio is currently 3.1 days. Approximately 3.0% of the company’s stock are short sold.

F has been the topic of a number of recent research reports. Buckingham Research reaffirmed a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research report on Thursday, August 24th. Zacks Investment Research raised 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. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.80 to $11.60 in a research report on Wednesday, August 9th. Finally, Nomura lowered shares of Ford Motor to a “hold” rating in a research report on Saturday, August 5th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.63.

Ford Motor (NYSE:F) opened at $12.16 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 1.08 and a debt-to-equity ratio of 2.94. Ford Motor has a fifty-two week low of $10.47 and a fifty-two week high of $13.27. The stock has a market cap of $47,707.35, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. The firm had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.26 EPS. sell-side analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, October 23rd will be paid a $0.15 dividend. The ex-dividend date is Friday, October 20th. This represents a $0.60 annualized dividend and a dividend yield of 4.93%. Ford Motor’s dividend payout ratio is currently 54.55%.

In other news, insider James D. Farley, Jr. sold 25,000 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $11.40, for a total value of $285,000.00. Following the transaction, the insider now directly owns 403,411 shares of the company’s stock, valued at $4,598,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph R. Hinrichs sold 40,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total transaction of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares in the company, valued at $6,037,812.90. The disclosure for this sale can be found here. Insiders have sold 137,076 shares of company stock valued at $1,599,180 in the last 90 days. 1.08% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Ford Motor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 264,421,059 shares of the auto manufacturer’s stock valued at $2,958,871,000 after acquiring an additional 2,491,009 shares in the last quarter. BlackRock Inc. grew its position in Ford Motor by 2.4% in the 2nd quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock valued at $2,624,814,000 after purchasing an additional 5,562,630 shares during the period. State Street Corp grew its position in Ford Motor by 2.5% in the 1st quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after purchasing an additional 3,999,705 shares during the period. Franklin Resources Inc. grew its position in Ford Motor by 5.7% in the 2nd quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock valued at $981,407,000 after purchasing an additional 4,706,379 shares during the period. Finally, Wellington Management Group LLP grew its position in Ford Motor by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after purchasing an additional 391,692 shares during the period. Institutional investors own 54.31% of the company’s stock.

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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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