Ford Motor (NYSE:F – Get Rating) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 108,480,000 shares, a drop of 5.6% from the December 31st total of 114,890,000 shares. Based on an average trading volume of 53,650,000 shares, the days-to-cover ratio is currently 2.0 days.
Ford Motor Stock Down 2.9 %
Ford Motor stock opened at $12.89 on Tuesday. The business has a fifty day moving average of $12.75 and a two-hundred day moving average of $13.43. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 2.00. The firm has a market cap of $51.82 billion, a P/E ratio of 5.86, a P/E/G ratio of 1.14 and a beta of 1.44. Ford Motor has a twelve month low of $10.61 and a twelve month high of $21.05.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. TheStreet cut Ford Motor from a “b-” rating to a “c” rating in a research note on Wednesday, October 26th. UBS Group cut Ford Motor from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $13.00 to $10.00 in a research note on Monday, October 10th. JPMorgan Chase & Co. reduced their price objective on Ford Motor from $16.00 to $15.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 25th. Citigroup boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 30th. Finally, StockNews.com assumed coverage on Ford Motor in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.89.
Insider Buying and Selling at Ford Motor
In other Ford Motor news, insider Stuart J. Rowley sold 29,821 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $13.97, for a total transaction of $416,599.37. Following the sale, the insider now directly owns 224,978 shares of the company’s stock, valued at $3,142,942.66. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.71% of the company’s stock.
Hedge Funds Weigh In On Ford Motor
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Ford Motor by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 332,380,925 shares of the auto manufacturer’s stock valued at $3,722,666,000 after acquiring an additional 4,518,888 shares during the period. Snider Financial Group increased its position in shares of Ford Motor by 100,345.2% in the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock valued at $3,717,000 after acquiring an additional 219,586,336 shares during the period. Newport Trust Co increased its position in shares of Ford Motor by 1.2% in the 3rd quarter. Newport Trust Co now owns 149,968,792 shares of the auto manufacturer’s stock valued at $1,679,650,000 after acquiring an additional 1,745,702 shares during the period. Fisher Asset Management LLC increased its position in shares of Ford Motor by 43,624.1% in the 3rd quarter. Fisher Asset Management LLC now owns 44,970,209 shares of the auto manufacturer’s stock valued at $503,666,000 after acquiring an additional 44,867,359 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Ford Motor by 0.5% in the 2nd quarter. Legal & General Group Plc now owns 28,246,288 shares of the auto manufacturer’s stock valued at $314,382,000 after acquiring an additional 141,735 shares during the period. 49.68% of the stock is owned by institutional investors and hedge funds.
Ford Motor Company Profile
Ford Motor Co engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Automotive, Mobility, Ford Credit, Corporate Other, Interest on Debt, and Special Items. The Automotive segment develops, manufactures, markets, and services Ford and Lincoln vehicles, service parts, and accessories.