ValuEngine cut shares of Ford Motor Company (NYSE:F) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
F has been the subject of several other reports. Nomura restated a buy rating and set a $14.80 price objective on shares of Ford Motor Company in a research report on Tuesday, May 2nd. Zacks Investment Research downgraded shares of Ford Motor Company from a hold rating to a strong sell rating in a research report on Wednesday, March 29th. Royal Bank Of Canada restated a buy rating and issued a $14.00 target price on shares of Ford Motor Company in a report on Friday, May 5th. Morgan Stanley dropped their price objective on shares of Ford Motor Company from $12.00 to $11.00 and set an underweight rating on the stock in a report on Tuesday, March 7th. Finally, Vetr lowered shares of Ford Motor Company from a strong-buy rating to a buy rating and set a $14.16 price objective on the stock. in a report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $13.50.
Shares of Ford Motor Company (NYSE F) traded down 0.18% on Friday, reaching $11.22. The company’s stock had a trading volume of 54,035,414 shares. The company has a market cap of $44.68 billion, a P/E ratio of 11.95 and a beta of 1.03. Ford Motor Company has a 52-week low of $10.67 and a 52-week high of $14.04. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $11.96.
Ford Motor Company (NYSE:F) last released its earnings results on Thursday, April 27th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05. The firm had revenue of $36.48 billion during the quarter, compared to analysts’ expectations of $34.62 billion. Ford Motor Company had a return on equity of 19.36% and a net margin of 2.48%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, analysts anticipate that Ford Motor Company will post $1.54 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Ford Motor Company (F) Lowered to “Hold” at ValuEngine” was first reported by WKRB News and is the property of of WKRB News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.wkrb13.com/markets/2230818/ford-motor-company-f-lowered-to-hold-at-valuengine.html.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Thursday, April 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.35%. The ex-dividend date of this dividend was Tuesday, April 18th. Ford Motor Company’s dividend payout ratio is presently 64.52%.
In other news, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman William Clay Ford, Jr. acquired 171,379 shares of the stock in a transaction dated Friday, March 24th. The shares were bought at an average cost of $11.67 per share, with a total value of $1,999,992.93. The disclosure for this purchase can be found here. Insiders own 1.08% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Ford Motor Company by 2,991.4% in the first quarter. BlackRock Inc. now owns 229,005,290 shares of the auto manufacturer’s stock worth $2,665,619,000 after buying an additional 221,597,419 shares during the period. Norges Bank acquired a new position in shares of Ford Motor Company during the fourth quarter worth about $277,396,000. Franklin Resources Inc. increased its position in shares of Ford Motor Company by 26.7% in the fourth quarter. Franklin Resources Inc. now owns 80,132,269 shares of the auto manufacturer’s stock worth $972,004,000 after buying an additional 16,902,036 shares during the period. Renaissance Technologies LLC increased its position in shares of Ford Motor Company by 1,792.7% in the fourth quarter. Renaissance Technologies LLC now owns 12,192,909 shares of the auto manufacturer’s stock worth $147,900,000 after buying an additional 11,548,700 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Ford Motor Company by 2.3% in the first quarter. Vanguard Group Inc. now owns 261,930,050 shares of the auto manufacturer’s stock worth $3,048,866,000 after buying an additional 6,013,577 shares during the period. 55.61% of the stock is owned by hedge funds and other institutional investors.
About Ford Motor Company
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2230818/ford-motor-company-f-lowered-to-hold-at-valuengine.html
Receive News & Ratings for Ford Motor Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Company and related companies with MarketBeat.com's FREE daily email newsletter.