Ford Motor Co. (NYSE:F) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 152,323,014 shares, a decline of 5.6% from the August 15th total of 161,287,131 shares. Based on an average trading volume of 25,680,960 shares, the days-to-cover ratio is presently 5.9 days. Currently, 3.9% of the company’s shares are sold short.
In other news, Director John C. Lechleiter purchased 5,000 shares of the stock in a transaction dated Monday, August 8th. The shares were purchased at an average price of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $306,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of F. Mount Lucas Management LP raised its position in Ford Motor by 60.3% in the first quarter. Mount Lucas Management LP now owns 1,885,747 shares of the auto manufacturer’s stock valued at $25,458,000 after buying an additional 709,103 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in Ford Motor by 1.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,838,615 shares of the auto manufacturer’s stock valued at $78,821,000 after buying an additional 72,800 shares in the last quarter. Legal & General Group Plc raised its position in Ford Motor by 3.3% in the first quarter. Legal & General Group Plc now owns 18,761,433 shares of the auto manufacturer’s stock valued at $253,250,000 after buying an additional 597,065 shares in the last quarter. Natixis raised its position in Ford Motor by 1,101.7% in the first quarter. Natixis now owns 4,883,711 shares of the auto manufacturer’s stock valued at $65,930,000 after buying an additional 4,477,314 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in Ford Motor by 38.8% in the first quarter. Nuveen Asset Management LLC now owns 2,147,045 shares of the auto manufacturer’s stock valued at $28,986,000 after buying an additional 600,568 shares in the last quarter. 56.06% of the stock is currently owned by hedge funds and other institutional investors.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story 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. The original version of this article is available at http://www.americanbankingnews.com/2016/09/18/short-interest-in-ford-motor-co-f-drops-by-5-6.html
Several brokerages have recently weighed in on F. JPMorgan Chase & Co. reissued a “buy” rating on shares of Ford Motor in a research report on Wednesday, June 1st. TheStreet raised shares of Ford Motor to a “buy” rating in a research report on Thursday, May 26th. Jefferies Group reissued a “sell” rating on shares of Ford Motor in a research report on Sunday, September 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $13.00 target price on shares of Ford Motor in a research report on Friday. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $13.00 target price (down previously from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ford Motor has an average rating of “Hold” and an average price target of $14.38.
Ford Motor (NYSE:F) opened at 12.11 on Friday. The company has a 50-day moving average price of $12.49 and a 200-day moving average price of $13.05. Ford Motor has a one year low of $11.02 and a one year high of $15.84. The firm has a market capitalization of $48.12 billion, a P/E ratio of 5.71 and a beta of 1.30.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor will post $1.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, July 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Tuesday, July 26th. Ford Motor’s payout ratio is 29.27%.
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.
Receive News & Ratings for Ford Motor Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ford Motor Co. and related companies with MarketBeat.com’s FREE daily email newsletter.