Ford Motor Company (NYSE:F) was the recipient of a significant drop in short interest in July. As of July 14th, there was short interest totalling 123,700,851 shares, a drop of 4.0% from the June 30th total of 128,793,104 shares. Based on an average trading volume of 31,944,049 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.2% of the company’s stock are short sold.
Ford Motor (NYSE F) opened at 10.84 on Wednesday. The stock has a market capitalization of $43.05 billion, a PE ratio of 11.41 and a beta of 1.11. Ford Motor has a 12-month low of $10.67 and a 12-month high of $13.27. The company has a 50-day moving average price of $11.23 and a 200-day moving average price of $11.56.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the consensus estimate of $0.43 by $0.13. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The firm had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. During the same period last year, the company earned $0.52 earnings per share. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts expect that Ford Motor will post $1.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.54%. The ex-dividend date is Thursday, July 20th. Ford Motor’s payout ratio is currently 63.16%.
Several equities research analysts recently commented on F shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of Ford Motor in a report on Friday, May 5th. Nomura downgraded Ford Motor to a “hold” rating in a report on Saturday, August 5th. Berenberg Bank set a $10.00 price target on Ford Motor and gave the company a “sell” rating in a research note on Monday, June 12th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 price target for the company in a research note on Tuesday, July 25th. Finally, BidaskClub downgraded Ford Motor from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Ford Motor currently has an average rating of “Hold” and a consensus target price of $12.60.
In related news, insider James D. Farley, Jr. sold 25,000 shares of Ford Motor stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares in the company, valued at approximately $4,781,066.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John T. Lawler sold 80,624 shares of Ford Motor stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total value of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Integrated Investment Consultants LLC raised its stake in shares of Ford Motor by 2.6% in the first quarter. Integrated Investment Consultants LLC now owns 19,637 shares of the auto manufacturer’s stock valued at $229,000 after buying an additional 500 shares during the last quarter. Liberty Capital Management Inc. raised its stake in shares of Ford Motor by 534.8% in the first quarter. Liberty Capital Management Inc. now owns 113,193 shares of the auto manufacturer’s stock valued at $1,318,000 after buying an additional 95,362 shares during the last quarter. Rathbone Brothers plc raised its stake in shares of Ford Motor by 4.5% in the first quarter. Rathbone Brothers plc now owns 11,500 shares of the auto manufacturer’s stock valued at $134,000 after buying an additional 500 shares during the last quarter. Trust Co raised its stake in shares of Ford Motor by 1.5% in the fourth quarter. Trust Co now owns 122,895 shares of the auto manufacturer’s stock valued at $1,490,000 after buying an additional 1,776 shares during the last quarter. Finally, Denali Advisors LLC raised its stake in shares of Ford Motor by 40.8% in the first quarter. Denali Advisors LLC now owns 450,277 shares of the auto manufacturer’s stock valued at $5,241,000 after buying an additional 130,450 shares during the last quarter. 55.38% of the stock is currently owned by institutional investors.
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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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