Ford Motor Company (F) Lowered to “Hold” at ValuEngine

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.

Analyst Recommendations for Ford Motor Company (NYSE:F)

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.

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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.

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