Traders Buy Ford Motor (F) on Weakness

Traders bought shares of Ford Motor (NYSE:F) on weakness during trading hours on Thursday. $106.12 million flowed into the stock on the tick-up and $69.86 million flowed out of the stock on the tick-down, for a money net flow of $36.26 million into the stock. Of all stocks tracked, Ford Motor had the 17th highest net in-flow for the day. Ford Motor traded down ($0.26) for the day and closed at $9.29

Several brokerages recently weighed in on F. Citigroup dropped their target price on Ford Motor from $10.50 to $9.90 and set a “neutral” rating on the stock in a research note on Monday, September 10th. Guggenheim restated a “hold” rating and set a $11.50 target price on shares of Ford Motor in a research note on Friday, July 27th. Buckingham Research dropped their target price on Ford Motor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Thursday, July 26th. Nomura set a $9.00 target price on Ford Motor and gave the stock a “hold” rating in a research note on Tuesday, August 14th. Finally, Royal Bank of Canada restated a “hold” rating and set a $11.50 target price on shares of Ford Motor in a research note on Thursday, July 26th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.58.

The company has a debt-to-equity ratio of 2.80, a current ratio of 1.21 and a quick ratio of 1.08. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 1.33 and a beta of 0.86.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, October 24th. The auto manufacturer reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $34.66 billion for the quarter, compared to the consensus estimate of $32.05 billion. Ford Motor had a return on equity of 15.48% and a net margin of 3.88%. During the same quarter in the previous year, the business earned $0.43 EPS. Analysts expect that Ford Motor will post 1.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Shareholders of record on Tuesday, October 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, October 22nd. This represents a $0.60 annualized dividend and a yield of 6.46%. Ford Motor’s payout ratio is presently 33.71%.

In other news, VP Steven R. Armstrong sold 13,000 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $9.54, for a total value of $124,020.00. Following the completion of the transaction, the vice president now owns 94,527 shares of the company’s stock, valued at approximately $901,787.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ray T. Charley acquired 4,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The stock was bought at an average cost of $12.90 per share, with a total value of $51,600.00. The disclosure for this purchase can be found here. 0.95% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the company. Kiley Juergens Wealth Management LLC acquired a new position in Ford Motor in the 2nd quarter worth about $101,000. Credit Agricole S A raised its holdings in Ford Motor by 135.0% in the 2nd quarter. Credit Agricole S A now owns 9,400 shares of the auto manufacturer’s stock worth $104,000 after purchasing an additional 5,400 shares during the period. CLARET ASSET MANAGEMENT Corp acquired a new position in Ford Motor in the 3rd quarter worth about $106,000. Kaizen Advisory LLC raised its holdings in Ford Motor by 155.5% in the 2nd quarter. Kaizen Advisory LLC now owns 9,745 shares of the auto manufacturer’s stock worth $108,000 after purchasing an additional 5,931 shares during the period. Finally, TRUE Private Wealth Advisors acquired a new position in Ford Motor in the 2nd quarter worth about $112,000. 54.09% of the stock is owned by institutional investors and hedge funds.

About Ford Motor (NYSE:F)

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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