Ford Motor (NYSE:F) Short Interest Down 5.6% in June

Ford Motor (NYSE:F) saw a significant decrease in short interest in June. As of June 15th, there was short interest totalling 122,150,000 shares, a decrease of 5.6% from the May 31st total of 129,450,000 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily volume of 47,900,000 shares, the days-to-cover ratio is presently 2.6 days.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of F. Whittier Trust Co. of Nevada Inc. lifted its holdings in Ford Motor by 835.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC raised its stake in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after acquiring an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. purchased a new position in shares of Ford Motor during the fourth quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. increased its position in shares of Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares in the last quarter. Finally, Headinvest LLC purchased a new stake in shares of Ford Motor in the 3rd quarter valued at about $31,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Price Performance

Shares of F remained flat at $12.87 during midday trading on Wednesday. The company’s stock had a trading volume of 26,894,317 shares, compared to its average volume of 51,023,340. Ford Motor has a twelve month low of $9.63 and a twelve month high of $15.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The business has a fifty day simple moving average of $12.20 and a 200 day simple moving average of $12.25. The company has a market capitalization of $51.38 billion, a PE ratio of 13.30, a PEG ratio of 0.81 and a beta of 1.62.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, beating the consensus estimate of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the previous year, the company earned $0.63 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.66%. Ford Motor’s dividend payout ratio is presently 61.86%.

Analysts Set New Price Targets

Several research firms have recently issued reports on F. Citigroup upped their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Barclays lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Royal Bank of Canada lifted their target price on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $13.89.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.