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

Ford Motor (NYSE:F) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 94,090,000 shares, a decrease of 6.4% from the November 15th total of 100,500,000 shares. Based on an average trading volume of 52,990,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently added to or reduced their stakes in the business. Family Firm Inc. acquired a new position in Ford Motor in the second quarter valued at $26,000. Quarry LP purchased a new position in Ford Motor during the second quarter worth about $27,000. Ridgewood Investments LLC acquired a new stake in Ford Motor in the second quarter valued at about $28,000. Kimelman & Baird LLC purchased a new stake in Ford Motor in the 2nd quarter valued at approximately $30,000. Finally, Reston Wealth Management LLC acquired a new position in Ford Motor during the 3rd quarter worth approximately $33,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on F shares. Barclays dropped their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada reissued a “sector perform” rating and set a $10.00 target price on shares of Ford Motor in a report on Tuesday, October 29th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $12.00 in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $11.83.

Ford Motor Trading Down 3.9 %

F traded down $0.41 during mid-day trading on Monday, hitting $9.99. 96,170,053 shares of the stock were exchanged, compared to its average volume of 53,981,047. The company has a market cap of $39.68 billion, a PE ratio of 11.48, a PEG ratio of 1.90 and a beta of 1.62. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The firm’s fifty day moving average is $10.85 and its two-hundred day moving average is $11.31. Ford Motor has a 1-year low of $9.49 and a 1-year high of $14.85.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.01%. Ford Motor’s payout ratio is currently 68.18%.

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.