Traders Buy Ford Motor (F) on Weakness

Traders purchased shares of Ford Motor Company (NYSE:F) on weakness during trading hours on Wednesday. $83.70 million flowed into the stock on the tick-up and $47.76 million flowed out of the stock on the tick-down, for a money net flow of $35.94 million into the stock. Of all companies tracked, Ford Motor had the 24th highest net in-flow for the day. Ford Motor traded down ($0.05) for the day and closed at $12.38

Several research firms have issued reports on F. BidaskClub lowered Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and issued a $13.00 price objective on shares of Ford Motor in a research note on Monday, September 18th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.54 price objective on the stock. in a research note on Monday, September 4th. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 31st. Finally, Citigroup upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the company. Ford Motor currently has an average rating of “Hold” and an average price target of $12.61.

The stock has a market capitalization of $50,170.18, a PE ratio of 7.52, a PEG ratio of 0.65 and a beta of 1.24. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, October 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date was Friday, October 20th. Ford Motor’s dividend payout ratio is currently 54.55%.

In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $12.00, for a total value of $300,000.00. Following the sale, the insider now owns 51,358 shares of the company’s stock, valued at approximately $616,296. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total value of $237,500.00. The disclosure for this sale can be found here. Insiders have sold 91,076 shares of company stock worth $1,095,580 in the last three months. 1.08% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ford Motor by 8.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 14,616,542 shares of the auto manufacturer’s stock valued at $163,560,000 after purchasing an additional 1,193,656 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in shares of Ford Motor by 10.0% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 348,886 shares of the auto manufacturer’s stock valued at $3,904,000 after purchasing an additional 31,715 shares in the last quarter. BlueMountain Capital Management LLC boosted its holdings in shares of Ford Motor by 92.9% in the 2nd quarter. BlueMountain Capital Management LLC now owns 198,047 shares of the auto manufacturer’s stock valued at $2,216,000 after purchasing an additional 95,361 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Ford Motor by 6.7% in the 3rd quarter. Pzena Investment Management LLC now owns 25,409,816 shares of the auto manufacturer’s stock valued at $304,155,000 after purchasing an additional 1,597,098 shares in the last quarter. Finally, Advisors Capital Management LLC lifted its stake in shares of Ford Motor by 21.2% in the 3rd quarter. Advisors Capital Management LLC now owns 483,120 shares of the auto manufacturer’s stock valued at $5,783,000 after acquiring an additional 84,375 shares during the last quarter. 53.78% of the stock is currently 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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