Berenberg Bank began coverage on shares of Ford Motor Co. (NYSE:F) in a research note issued to investors on Tuesday. The firm issued a sell rating and a $10.00 price target on the auto manufacturer’s stock.
F has been the topic of a number of other reports. Vetr upgraded Ford Motor from a buy rating to a strong-buy rating and set a $13.52 target price on the stock in a research report on Tuesday, November 15th. Citigroup Inc. reiterated an overweight rating on shares of Ford Motor in a research report on Friday, October 21st. JPMorgan Chase & Co. decreased their target price on Ford Motor from $17.00 to $16.00 and set an overweight rating on the stock in a research report on Friday, July 29th. Deutsche Bank AG restated a hold rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, September 16th. Finally, Barclays PLC restated an equal weight rating and set a $12.00 price objective on shares of Ford Motor in a research report on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $13.77.
Ford Motor (NYSE:F) opened at 11.90 on Tuesday. The stock has a 50 day moving average price of $11.88 and a 200-day moving average price of $12.56. Ford Motor has a 1-year low of $11.02 and a 1-year high of $14.62. The stock has a market cap of $47.29 billion, a PE ratio of 6.57 and a beta of 1.12.
Ford Motor (NYSE:F) last posted its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.06. The company had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 earnings per share. On average, equities analysts expect that Ford Motor will post $1.81 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, October 27th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, October 25th. This represents a $0.60 dividend on an annualized basis and a yield of 5.04%. Ford Motor’s dividend payout ratio (DPR) is 33.15%.
In related news, insider Ziad S. Ojakli sold 10,000 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $11.86, for a total value of $118,600.00. Following the completion of the transaction, the insider now owns 503,246 shares in the company, valued at approximately $5,968,497.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the company. Capital World Investors increased its stake in shares of Ford Motor by 139.8% in the second quarter. Capital World Investors now owns 19,245,000 shares of the auto manufacturer’s stock valued at $241,910,000 after buying an additional 11,220,000 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock valued at $3,072,821,000 after buying an additional 8,920,917 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Ford Motor by 2,485.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 6,758,818 shares of the auto manufacturer’s stock valued at $81,579,000 after buying an additional 6,497,402 shares in the last quarter. Morgan Stanley increased its stake in shares of Ford Motor by 22.4% in the third quarter. Morgan Stanley now owns 34,669,708 shares of the auto manufacturer’s stock valued at $418,463,000 after buying an additional 6,348,720 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Ford Motor during the third quarter valued at $58,634,000. Institutional investors own 55.22% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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