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Ford Motor (NYSE:F – Get Rating ) saw a large increase in short interest in November. As of November 15th, there was short interest totaling 135,580,000 shares, an increase of 5.6% from the total of 128,400,000 shares as of October 31st. Based on an average daily volume of 65,740,000 shares, the short- interest ratio is currently 2.1 days.
Internal Activity
In other news, insider Stuart J. Rowley sold 29,821 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $13.97, for a total value of $416,599.37. Following the sale, the insider now directly owns 224,978 shares in the company, valued at approximately $3,142,942.66. The transaction was disclosed in a filing with the SEC, which is available on the SEC website. 0.90% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Ford Motor
A number of hedge funds and other institutional investors have recently modified their holdings of F. RB Capital Management LLC increased its position in shares of Ford Motor by 14.6% in the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto maker’s stock valued at $462,000 after buying an additional 3,477 shares during the last quarter. IndexIQ Advisors LLC raised its position in shares of Ford Motor by 225.4% in the first quarter. IndexIQ Advisors LLC now owns 13,372 shares of the auto manufacturer’s stock valued at $227,000 after purchasing an additional 9,262 shares during the last quarter. Fairfield Bush & CO. bought a new position in shares of Ford Motor in the first quarter valued at approximately $37,000. Qube Research & Technologies Ltd bought a new position in shares of Ford Motor in the first quarter valued at approximately $6,303,000. Finally, M&T Bank Corp raised its position in shares of Ford Motor by 8.3% in the first quarter. M&T Bank Corp now owns 231,786 shares of the auto maker’s stock valued at $3,919,000 after purchasing an additional 17,754 shares during the last quarter. 49.89% of the stock is currently owned by institutional investors.
Ford Motor Price Performance
Shares of F traded down $0.22 during midday trading on Friday, reaching $13.86. 42,417,381 shares of the company traded hands, compared to its average volume of 45,159,400. The stock has a 50-day moving average of $12.95 and a 200-day moving average of $13.37. Ford Motor had a one year low of $10.61 and a one year high of $25.87. The company has a market cap of $55.72 billion, a P/E ratio of 6.30, a PEG ratio of 2.35 and a beta of 1.41. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.20 and a quick ratio of 1.03.
Ford Motor (NYSE:F – Get Rating) last announced its quarterly earnings results on Wednesday, October 26th. The auto maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Ford Motor has a net margin of 5.94% and a return on equity of 14.69%. The company had revenue of $37.19 billion for the quarter, compared to the consensus estimate of $37.11 billion. In the same quarter last year, the company earned $0.51 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor will post 1.96 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were given a dividend of $0.15 per share. This represents a $0.60 annual dividend and has a dividend yield of 4.33%. The ex-dividend date is Monday, November 14th. Ford Motor’s dividend payout ratio is currently 27.27%.
Wall Street Analysts weigh in
F has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday. Benchmark cut their price objective on shares of Ford Motor to $23.00 in a report on Tuesday, August 9th. StockNews.com began coverage on shares of Ford Motor in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Bank of America cut their price objective on shares of Ford Motor from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Finally, TheStreet lowered shares of Ford Motor from a “b-” rating to a “c” rating in a report on Wednesday, October 26th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $17.91.
About Ford Motor
(Get Rating)
Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electric vehicles, and Lincoln luxury vehicles worldwide. It operates in 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-use companies rental cars, and governments.
Further Reading
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