Jefferies Group LLC reissued their hold rating on shares of Ford Motor Company (NYSE:F) in a research note published on Sunday. They currently have a $12.00 price objective on the auto manufacturer’s stock.
Several other research firms also recently weighed in on F. BidaskClub downgraded shares of Ford Motor from a sell rating to a strong sell rating in a research report on Thursday, August 10th. ValuEngine downgraded shares of Ford Motor from a buy rating to a hold rating in a research report on Saturday, June 17th. Piper Jaffray Companies reiterated a buy rating and issued a $14.00 price target on shares of Ford Motor in a research report on Friday, July 28th. Vetr downgraded shares of Ford Motor from a strong-buy rating to a buy rating and set a $12.54 price target on the stock. in a research report on Monday, September 4th. Finally, Bank of America Corporation reiterated a buy rating and issued a $12.50 price target (down from $14.00) on shares of Ford Motor in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $12.51.
Ford Motor (NYSE:F) opened at 11.62 on Friday. Ford Motor has a 1-year low of $10.47 and a 1-year high of $13.27. The stock has a market capitalization of $46.15 billion, a price-to-earnings ratio of 12.23 and a beta of 1.12. The company has a 50-day moving average of $10.99 and a 200-day moving average of $11.35.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.13. The company had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Analysts anticipate that Ford Motor will post $1.75 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.60 annualized dividend and a yield of 5.16%. Ford Motor’s payout ratio is 63.16%.
In other Ford Motor news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction on Monday, September 11th. The shares were sold at an average price of $11.40, for a total value of $285,000.00. Following the completion of the transaction, the insider now directly owns 403,411 shares of the company’s stock, valued at approximately $4,598,885.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Joseph R. Hinrichs sold 40,000 shares of Ford Motor stock in a transaction on Tuesday, September 5th. The stock was 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 of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Insiders sold a total of 170,624 shares of company stock valued at $1,912,964 over the last three months. Corporate insiders own 1.08% of the company’s stock.
Large investors have recently modified their holdings of the business. Balentine LLC boosted its stake in shares of Ford Motor by 2.6% during the 1st quarter. Balentine LLC now owns 9,097 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 231 shares during the period. Captrust Financial Advisors purchased a new position in shares of Ford Motor during the 2nd quarter worth about $106,000. Archford Capital Strategies LLC boosted its stake in shares of Ford Motor by 7.8% during the 1st quarter. Archford Capital Strategies LLC now owns 9,361 shares of the auto manufacturer’s stock worth $109,000 after purchasing an additional 676 shares during the period. Reilly Financial Advisors LLC boosted its stake in shares of Ford Motor by 1.5% during the 2nd quarter. Reilly Financial Advisors LLC now owns 9,856 shares of the auto manufacturer’s stock worth $110,000 after purchasing an additional 150 shares during the period. Finally, Kelman Lazarov Inc. purchased a new position in shares of Ford Motor during the 2nd quarter worth about $116,000. 54.34% of the stock is owned by institutional investors and hedge funds.
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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