A number of other equities research analysts have also commented on the stock. Piper Jaffray Companies reiterated a buy rating and set a $14.00 price target on shares of Ford Motor in a report on Friday, July 28th. Bank of America Corporation reiterated a buy rating and set a $12.50 price target (down from $14.00) on shares of Ford Motor in a report on Friday, June 16th. Vetr lowered shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.78 price objective for the company. in a report on Tuesday, July 4th. Royal Bank Of Canada restated a buy rating on shares of Ford Motor in a report on Tuesday, August 15th. Finally, ValuEngine upgraded shares of Ford Motor from a hold rating to a buy rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $12.44.
Ford Motor (F) opened at 12.12 on Thursday. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.27. The firm’s 50-day moving average price is $11.74 and its 200 day moving average price is $11.30. The company has a market capitalization of $48.14 billion, a price-to-earnings ratio of 12.76 and a beta of 1.12.
Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business had revenue of $36.93 billion during the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that Ford Motor will post $1.75 EPS for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, October 20th. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. Ford Motor’s dividend payout ratio is presently 63.16%.
In related news, VP John T. Lawler sold 80,624 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the sale, the vice president now owns 10 shares in the company, valued at $110. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Hau N. Thai-Tang sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The disclosure for this sale can be found here. Insiders have sold 217,700 shares of company stock worth $2,486,044 in the last 90 days. Insiders own 1.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. boosted its position in Ford Motor by 16.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 57,177 shares of the auto manufacturer’s stock worth $684,000 after purchasing an additional 8,013 shares in the last quarter. Hefty Wealth Partners raised its stake in shares of Ford Motor by 9,243.5% during the 3rd quarter. Hefty Wealth Partners now owns 40,177 shares of the auto manufacturer’s stock worth $481,000 after buying an additional 39,747 shares during the period. MPS Loria Financial Planners LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $209,000. W. E. Donoghue & Co. LLC acquired a new position in shares of Ford Motor during the 2nd quarter worth approximately $16,118,000. Finally, United Bank VA raised its stake in shares of Ford Motor by 19.6% during the 2nd quarter. United Bank VA now owns 310,284 shares of the auto manufacturer’s stock worth $3,472,000 after buying an additional 50,901 shares during the period. Institutional investors and hedge funds own 54.33% of the company’s stock.
Ford Motor Company Profile
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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