Ford Motor Company (F) Sees Large Growth in Short Interest
Ford Motor Company (NYSE:F) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 96,234,655 shares, a growth of 8.0% from the December 31st total of 89,132,790 shares, Marketbeat reports. Currently, 2.5% of the company’s shares are sold short. Based on an average daily volume of 58,061,369 shares, the short-interest ratio is currently 1.7 days.
Shares of Ford Motor Company (NYSE:F) opened at 11.94 on Monday. Ford Motor Company has a 52-week low of $10.44 and a 52-week high of $16.74. The company has a 50 day moving average price of $13.10 and a 200-day moving average price of $14.10. The firm has a market cap of $47.39 billion and a P/E ratio of 9.99.
Ford Motor Company (NYSE:F) last posted its quarterly earnings data on Thursday, January 28th. The auto manufacturer reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.07. During the same quarter in the previous year, the company earned $0.26 earnings per share. The company earned $37.90 billion during the quarter, compared to analyst estimates of $36.32 billion. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect that Ford Motor Company will post $1.96 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Investors of record on Friday, January 29th will be issued a $0.15 dividend. The ex-dividend date is Thursday, January 14th. This represents a $0.60 dividend on an annualized basis and a yield of 5.03%.
A number of hedge funds have recently modified their holdings of the stock. Fisher Asset Management boosted its stake in shares of Ford Motor Company by 2.8% in the fourth quarter. Fisher Asset Management now owns 1,200,072 shares of the auto manufacturer’s stock worth $16,909,000 after buying an additional 32,238 shares during the period. Park National boosted its stake in shares of Ford Motor Company by 3.7% in the fourth quarter. Park National now owns 1,195,760 shares of the auto manufacturer’s stock worth $16,848,000 after buying an additional 42,680 shares during the period. Janus Capital Management boosted its stake in shares of Ford Motor Company by 90.5% in the third quarter. Janus Capital Management now owns 823,229 shares of the auto manufacturer’s stock worth $11,171,000 after buying an additional 391,124 shares during the period. Creative Planning boosted its stake in shares of Ford Motor Company by 5.7% in the fourth quarter. Creative Planning now owns 808,919 shares of the auto manufacturer’s stock worth $11,398,000 after buying an additional 43,560 shares during the period. Finally, Capstone Asset Management Company boosted its stake in shares of Ford Motor Company by 16.2% in the fourth quarter. Capstone Asset Management Company now owns 373,738 shares of the auto manufacturer’s stock worth $5,266,000 after buying an additional 52,226 shares during the period.
F has been the topic of several recent research reports. Vetr lowered Ford Motor Company from a “buy” rating to a “hold” rating and set a $14.79 price target on the stock. in a research report on Tuesday, October 6th. Goldman Sachs raised their price target on Ford Motor Company from $19.00 to $20.00 in a research report on Wednesday, October 14th. Buckingham Research upgraded Ford Motor Company from a “neutral” rating to a “buy” rating and raised their price target for the stock from $15.00 to $18.00 in a research report on Thursday, October 15th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $20.00 price target (up from $19.00) on shares of Ford Motor Company in a research report on Tuesday, October 20th. Finally, Susquehanna raised their price target on Ford Motor Company from $16.00 to $17.00 in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $16.25.
Ford Motor Company (NYSE:F) manufactures or distributes automobiles across six continents. The Company operates in two sectors: Automotive and Financial Services. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Financial Services sector includes Ford Motor Credit Company and Other Financial Services segments. Its automotive brands include Ford and Lincoln. Other Financial Services includes a range of businesses, including holding companies and real estate-related activities. The Company has around 62 plants across the world. Through its wholly owned subsidiary, Ford Motor Credit Company LLC, it provides automotive financing products to and through automotive dealers throughout the world.
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