Ford Motor Co. (NYSE:F) was upgraded by stock analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a $13.46 target price on the auto manufacturer’s stock. Vetr‘s price target would indicate a potential upside of 5.90% from the stock’s current price.
A number of institutional investors have made changes to their positions in the company. Acrospire Investment Management LLC acquired a new position in shares of Ford Motor during the first quarter worth about $104,000. Lazard Asset Management LLC raised its position in Ford Motor by 34.9% in the first quarter. Lazard Asset Management LLC now owns 9,170 shares of the auto manufacturer’s stock worth $123,000 after buying an additional 2,370 shares in the last quarter. Financial Architects Inc raised its position in Ford Motor by 232.5% in the second quarter. Financial Architects Inc now owns 9,863 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 6,897 shares in the last quarter. Manchester Capital Management LLC raised its position in Ford Motor by 8.1% in the first quarter. Manchester Capital Management LLC now owns 9,988 shares of the auto manufacturer’s stock worth $135,000 after buying an additional 750 shares in the last quarter. Finally, Community Bank N.A. raised its position in Ford Motor by 3.0% in the second quarter. Community Bank N.A. now owns 10,215 shares of the auto manufacturer’s stock worth $128,000 after buying an additional 300 shares in the last quarter.
In other Ford Motor news, EVP Joseph R. Hinrichs sold 60,000 shares of Ford Motor stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $13.32, for a total transaction of $799,200.00. Following the completion of the transaction, the executive vice president now owns 511,661 shares in the company, valued at $6,815,324.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stuart J. Rowley sold 13,000 shares of Ford Motor stock in a transaction dated Wednesday, May 4th. The stock was sold at an average price of $13.34, for a total transaction of $173,420.00. Following the transaction, the vice president now owns 26,683 shares of the company’s stock, valued at approximately $355,951.22. The disclosure for this sale can be found here.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. During the same quarter last year, the firm earned $0.47 EPS. The firm had revenue of $39.50 million for the quarter, compared to analyst estimates of $36.29 billion. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that Ford Motor will post $2.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, July 28th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend is Tuesday, July 26th.
F has been the topic of a number of other reports. Zacks Investment Research lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Barclays PLC restated an “equal weight” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, May 27th. Citigroup Inc. restated a “neutral” rating and issued a $15.00 price objective on shares of Ford Motor in a report on Monday, May 16th. Piper Jaffray Cos. initiated coverage on shares of Ford Motor in a report on Thursday, June 9th. They issued an “overweight” rating and a $17.00 price objective on the stock. Finally, Goldman Sachs Group Inc. set a $15.00 price objective on shares of Ford Motor and gave the company a “buy” rating in a report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.16.
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
