Vetr upgraded shares of Ford Motor Company (NYSE:F) from a buy rating to a strong-buy rating in a report published on Thursday, July 6th. Vetr currently has $12.60 target price on the auto manufacturer’s stock.
A number of other research firms have also weighed in on F. Nomura reissued a buy rating and set a $14.80 price target on shares of Ford Motor in a research report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Ford Motor from a hold rating to a strong sell rating in a research report on Wednesday, March 29th. ValuEngine lowered shares of Ford Motor from a buy rating to a hold rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a buy rating and set a $14.00 price target on shares of Ford Motor in a research report on Friday, May 5th. Finally, Wolfe Research started coverage on shares of Ford Motor in a research report on Tuesday, June 13th. They set a market perform rating on the stock. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $13.43.
Shares of Ford Motor (NYSE F) traded down 1.45% on Thursday, reaching $11.53. 27,630,584 shares of the company’s stock were exchanged. Ford Motor has a 12 month low of $10.67 and a 12 month high of $13.99. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 12.28 and a beta of 1.11. The firm’s 50-day moving average price is $11.31 and its 200 day moving average price is $11.76. Ford Motor also was the recipient of some unusual options trading activity on Wednesday. Stock investors purchased 74,719 call options on the company. This represents an increase of 425% compared to the average daily volume of 14,224 call options.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $36.48 billion during the quarter, compared to analysts’ expectations of $34.62 billion. Ford Motor had a net margin of 2.48% and a return on equity of 19.36%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. Equities research analysts predict that Ford Motor will post $1.52 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.20%. The ex-dividend date is Thursday, July 20th. Ford Motor’s dividend payout ratio is currently 64.52%.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the transaction, the insider now owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of F. Vanguard Group Inc. boosted its position in Ford Motor by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock valued at $3,048,866,000 after buying an additional 6,013,577 shares in the last quarter. BlackRock Inc. boosted its position in Ford Motor by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock valued at $2,665,619,000 after buying an additional 221,597,419 shares in the last quarter. State Street Corp boosted its position in shares of Ford Motor by 2.5% in the first quarter. State Street Corp now owns 162,887,426 shares of the auto manufacturer’s stock valued at $1,896,009,000 after buying an additional 3,999,705 shares during the period. Franklin Resources Inc. boosted its position in shares of Ford Motor by 26.7% in the fourth quarter. Franklin Resources Inc. now owns 80,132,269 shares of the auto manufacturer’s stock valued at $972,004,000 after buying an additional 16,902,036 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Ford Motor by 0.5% in the first quarter. Wellington Management Group LLP now owns 75,771,499 shares of the auto manufacturer’s stock valued at $881,979,000 after buying an additional 391,692 shares during the period. Institutional investors and hedge funds own 55.58% of the company’s stock.
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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