Ford Motor (F) Short Interest Down 9.9% in December

Ford Motor (NYSE:F) was the target of a significant drop in short interest in December. As of December 29th, there was short interest totalling 111,379,314 shares, a drop of 9.9% from the December 15th total of 123,632,143 shares. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily volume of 18,641,774 shares, the short-interest ratio is presently 6.0 days.

Several research firms have recently weighed in on F. Zacks Investment Research raised shares of Ford Motor from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 31st. Citigroup raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Jefferies Group raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Monday, October 30th. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.60 price target on the stock. in a research note on Friday, October 6th. Finally, Standpoint Research raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.66.

In other news, insider Hau N. Thai-Tang sold 19,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $12.50, for a total value of $237,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Steven R. Armstrong sold 10,752 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the completion of the transaction, the insider now directly owns 101,159 shares in the company, valued at $1,246,278.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,752 shares of company stock worth $603,965. Insiders own 1.08% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Winslow Evans & Crocker Inc. increased its position in Ford Motor by 136.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 8,500 shares of the auto manufacturer’s stock worth $106,000 after purchasing an additional 4,900 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Ford Motor during the second quarter valued at about $106,000. Balentine LLC increased its position in shares of Ford Motor by 4.0% during the second quarter. Balentine LLC now owns 9,462 shares of the auto manufacturer’s stock valued at $106,000 after acquiring an additional 365 shares during the last quarter. Personal Capital Advisors Corp acquired a new stake in shares of Ford Motor during the fourth quarter valued at about $128,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in shares of Ford Motor during the third quarter valued at about $124,000. Hedge funds and other institutional investors own 53.60% of the company’s stock.

Shares of Ford Motor (F) opened at $12.00 on Friday. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.48. The stock has a market cap of $47,670.00, a PE ratio of 10.91, a P/E/G ratio of 0.71 and a beta of 1.26. The company has a debt-to-equity ratio of 2.94, a quick ratio of 1.08 and a current ratio of 1.19.

Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.10. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm had revenue of $33.65 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period last year, the business earned $0.26 earnings per share. Ford Motor’s revenue was up .9% compared to the same quarter last year. analysts predict that Ford Motor will post 1.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Tuesday, January 30th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Monday, January 29th. Ford Motor’s payout ratio is currently 54.55%.

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About Ford Motor

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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