Jefferies Group LLC set a $12.00 price objective on Ford Motor Company (NYSE:F) in a research note issued to investors on Tuesday. The brokerage currently has a hold rating on the auto manufacturer’s stock.
Several other research analysts have also issued reports on the stock. Barclays PLC raised shares of Ford Motor Company from an equal weight rating to an overweight rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Friday, February 3rd. Goldman Sachs Group Inc set a $12.00 target price on shares of Ford Motor Company and gave the stock a hold rating in a research note on Wednesday, January 11th. Royal Bank of Canada reissued a hold rating and set a $13.00 target price on shares of Ford Motor Company in a research note on Wednesday, January 4th. Vetr raised shares of Ford Motor Company from a buy rating to a strong-buy rating and set a $13.52 target price on the stock in a research note on Tuesday, November 15th. Finally, TheStreet raised shares of Ford Motor Company from a hold rating to a buy rating in a research note on Thursday, January 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $13.86.
Shares of Ford Motor Company (NYSE:F) traded down 0.88% during trading on Tuesday, reaching $12.37. The company’s stock had a trading volume of 6,628,713 shares. Ford Motor Company has a 12-month low of $11.07 and a 12-month high of $14.22. The firm’s 50-day moving average is $12.53 and its 200-day moving average is $12.32. The stock has a market capitalization of $49.16 billion, a PE ratio of 10.76 and a beta of 1.02.
Ford Motor Company (NYSE:F) last issued its earnings results on Thursday, January 26th. The auto manufacturer reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $38.70 billion for the quarter, compared to the consensus estimate of $35.12 billion. Ford Motor Company had a return on equity of 23.23% and a net margin of 3.08%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 earnings per share. Equities analysts expect that Ford Motor Company will post $1.64 earnings per share for the current year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, January 20th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 18th. This represents a $0.60 dividend on an annualized basis and a yield of 4.81%. Ford Motor Company’s dividend payout ratio (DPR) is presently 52.63%.
In related news, insider Bennie W. Fowler sold 92,528 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $12.68, for a total transaction of $1,173,255.04. Following the completion of the sale, the insider now owns 450,635 shares in the company, valued at $5,714,051.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ziad S. Ojakli sold 50,309 shares of the firm’s stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $12.63, for a total transaction of $635,402.67. Following the sale, the insider now owns 292,815 shares of the company’s stock, valued at approximately $3,698,253.45. The disclosure for this sale can be found here. Insiders have sold 210,434 shares of company stock valued at $2,669,750 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Perigon Wealth Management LLC increased its stake in Ford Motor Company by 31.5% in the second quarter. Perigon Wealth Management LLC now owns 259,250 shares of the auto manufacturer’s stock worth $3,259,000 after buying an additional 62,035 shares during the period. Personal Capital Advisors Corp bought a new stake in Ford Motor Company during the second quarter worth about $143,000. CAPROCK Group Inc. increased its stake in Ford Motor Company by 14.1% in the second quarter. CAPROCK Group Inc. now owns 25,624 shares of the auto manufacturer’s stock worth $322,000 after buying an additional 3,169 shares during the period. Harbour Capital Advisors LLC bought a new stake in Ford Motor Company during the second quarter worth about $150,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Ford Motor Company by 7.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 574,526 shares of the auto manufacturer’s stock worth $7,222,000 after buying an additional 42,208 shares during the period. Institutional investors and hedge funds own 54.19% of the company’s stock.
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.
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