Ford Motor (NYSE:F) Sees Significant Decrease in Short Interest

Ford Motor (NYSE:F) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 100,500,000 shares, a decrease of 5.3% from the October 31st total of 106,070,000 shares. Based on an average daily volume of 52,460,000 shares, the short-interest ratio is presently 1.9 days. Currently, 2.6% of the company’s stock are short sold.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the business. Olistico Wealth LLC acquired a new position in shares of Ford Motor during the second quarter worth $25,000. Family Firm Inc. acquired a new position in shares of Ford Motor during the second quarter worth $26,000. Quarry LP acquired a new position in shares of Ford Motor during the second quarter worth $27,000. Ridgewood Investments LLC acquired a new position in shares of Ford Motor during the second quarter worth $28,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Ford Motor during the second quarter worth $30,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Trading Down 0.6 %

Shares of NYSE:F opened at $10.75 on Thursday. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market capitalization of $42.72 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 2.00 and a beta of 1.62. The company has a 50-day simple moving average of $10.87 and a 200 day simple moving average of $11.39. Ford Motor has a 52-week low of $9.49 and a 52-week high of $14.85.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Ford Motor will post 1.81 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.58%. Ford Motor’s dividend payout ratio is currently 68.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 29th. Sanford C. Bernstein downgraded shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Wolfe Research started coverage on shares of Ford Motor in a research note on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $12.08.

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.