Ford Motor (NYSE:F)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $10.00, but opened at $9.54. Ford Motor shares last traded at $9.42, with a volume of 69,452,541 shares changing hands.
Several research analysts have recently issued reports on F shares. Bank of America downgraded shares of Ford Motor to a “buy” rating in a research note on Tuesday. Royal Bank of Canada restated a “neutral” rating and issued a $10.50 price objective on shares of Ford Motor in a report on Thursday, July 25th. TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a report on Friday, July 26th. Credit Suisse Group initiated coverage on Ford Motor in a research report on Wednesday, June 26th. They issued an “outperform” rating and a $13.00 price objective on the stock. Finally, ValuEngine downgraded Ford Motor from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.48.
The company has a market capitalization of $37.27 billion, a PE ratio of 7.25, a P/E/G ratio of 0.99 and a beta of 1.14. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.20 and a quick ratio of 1.08. The company has a 50-day moving average of $9.26 and a two-hundred day moving average of $9.52.
Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Ford Motor had a net margin of 1.37% and a return on equity of 14.92%. The company had revenue of $35.91 billion during the quarter, compared to analyst estimates of $35.21 billion. During the same period in the prior year, the firm posted $0.27 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts anticipate that Ford Motor will post 1.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, July 23rd were given a $0.15 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.60 annualized dividend and a dividend yield of 6.37%. Ford Motor’s payout ratio is 46.15%.
In other Ford Motor news, insider James P. Hackett sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $10.20, for a total value of $204,000.00. Following the sale, the insider now owns 194,575 shares in the company, valued at approximately $1,984,665. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kiersten Robinson sold 15,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $10.25, for a total transaction of $153,750.00. Following the transaction, the insider now directly owns 66,027 shares of the company’s stock, valued at approximately $676,776.75. The disclosure for this sale can be found here. Insiders have sold a total of 115,000 shares of company stock worth $1,128,650 in the last three months. 0.83% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Ford Motor by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 301,331,027 shares of the auto manufacturer’s stock valued at $3,082,617,000 after purchasing an additional 3,946,570 shares during the last quarter. Geode Capital Management LLC lifted its position in Ford Motor by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock worth $399,887,000 after buying an additional 3,950,938 shares during the last quarter. Northern Trust Corp lifted its position in Ford Motor by 2.8% in the second quarter. Northern Trust Corp now owns 43,617,641 shares of the auto manufacturer’s stock worth $446,209,000 after buying an additional 1,205,035 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Ford Motor by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 32,964,458 shares of the auto manufacturer’s stock worth $337,227,000 after buying an additional 348,271 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Ford Motor by 19.7% during the second quarter. Invesco Ltd. now owns 30,504,964 shares of the auto manufacturer’s stock worth $312,066,000 after buying an additional 5,021,901 shares during the period. 53.86% of the stock is currently owned by institutional investors and hedge funds.
Ford Motor Company Profile (NYSE:F)
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.
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