Traders Buy Ford Motor (F) on Weakness

Traders purchased shares of Ford Motor (NYSE:F) on weakness during trading on Wednesday. $63.31 million flowed into the stock on the tick-up and $27.12 million flowed out of the stock on the tick-down, for a money net flow of $36.19 million into the stock. Of all stocks tracked, Ford Motor had the 31st highest net in-flow for the day. Ford Motor traded down ($0.08) for the day and closed at $11.44

Several analysts have recently issued reports on the stock. Vetr raised shares of Ford Motor from a “buy” rating to a “strong-buy” rating and set a $13.14 price objective for the company in a research note on Friday, January 26th. Piper Jaffray Companies cut shares of Ford Motor from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $13.48 to $12.00 in a research note on Tuesday, May 15th. They noted that the move was a valuation call. JPMorgan Chase & Co. boosted their price objective on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, April 26th. Susquehanna Bancshares set a $12.00 price objective on shares of Ford Motor and gave the company a “hold” rating in a research note on Wednesday, March 14th. Finally, Morgan Stanley boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, May 3rd. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have issued a buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and an average price target of $12.78.

The company has a current ratio of 1.23, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The firm has a market capitalization of $45.73 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 0.69 and a beta of 1.04.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 25th. The auto manufacturer reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Ford Motor had a net margin of 4.86% and a return on equity of 21.31%. The firm had revenue of $41.96 billion for the quarter, compared to analyst estimates of $37.06 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. research analysts expect that Ford Motor will post 1.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, April 20th will be issued a $0.15 dividend. The ex-dividend date is Thursday, April 19th. This represents a $0.60 dividend on an annualized basis and a yield of 5.24%. Ford Motor’s dividend payout ratio is currently 33.71%.

In other news, Chairman William Clay Ford, Jr. sold 454,260 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.32, for a total value of $4,687,963.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John C. Lechleiter bought 5,000 shares of the business’s stock in a transaction dated Friday, May 11th. The stock was bought at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the purchase, the director now owns 34,400 shares in the company, valued at approximately $384,248. The disclosure for this purchase can be found here. Insiders own 0.95% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Pinnacle Financial Partners Inc. acquired a new stake in shares of Ford Motor in the 1st quarter valued at about $113,000. Point72 Asia Hong Kong Ltd raised its stake in Ford Motor by 31,558.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 10,764 shares of the auto manufacturer’s stock worth $119,000 after acquiring an additional 10,730 shares during the period. Certified Advisory Corp acquired a new stake in Ford Motor during the fourth quarter worth about $124,000. Cedar Capital LLC acquired a new stake in Ford Motor during the fourth quarter worth about $126,000. Finally, Haverford Trust Co. acquired a new stake in Ford Motor during the first quarter worth about $127,000. Institutional investors and hedge funds own 55.42% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.

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