Ford Motor Company (NYSE:F) certainly isn’t letting talk of futuristic cars hold them back as automobile manufacturer themselves. Founded in 1903 by none other than Henry Ford himself, the company continues to stay on par as far as futuristic technology goes. That’s one reason why shares of Ford Motor Company (NYSE:F) are trading up in pre-market trading this morning, after it has been revealed that they have received the official “go ahead” to begin testing driverless vehicles in the state of California.
Ford Motor Company (NYSE:F) plans to begin testing the fully autonomous version of their Fusion Hybrid on roads in the Palo Alto California area next year. The Fusion Hybrid that will be tested, uses special sensors called LIDAR which are adhered to the vehicle’s roof, capable of rotating and scanning the entire area around the car.
The stock increased 1.87% or $0.26 during the last trading session, hitting $13.88. About 3,400 shares traded hands. F has declined 9.99% since May 13, 2015 and is downtrending. It has underperformed the S&P500 by 6.32%.
From a total of 5 analysts covering F&M Bank (NYSE:F) stock, 4 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 80% of the ratings are positive. The highest target price is $119 while the lowest target price is $16.44. The mean of all analyst targets is $31.93 which is 130.04% above today’s ($13.88) stock price. F&M Bank was the topic of 8 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on October 28 with a “Buy” rating. S&P Research maintained F stock in a recent report from September 25 with a “Strong Buy” rating. Finally, Compass Point initiated the stock with a “Neutral” rating in a report they issued on an August 7.
The institutional sentiment decreased to 1.11 in Q2 2015. It’s down 0.03, from 1.14 in 2015Q2. The ratio turned negative, as 67 funds sold all their Ford Motor Company shares they owned while 361 reduced their positions. 82 funds bought stakes while 391 increased their total positions. Institutions now own 2.26 billion shares which is 2.80% more than the previous share count of 2.20 billion in 2015Q2.
Vantage Investment Partners Llc holds 37.57% of its total portfolio in Ford Motor Company, equating to 9.12 million shares. Western Asset Management Co owns 1.13 million shares representing 13.41% of their total US portfolio. Moreover, Evercore Trust Company N.A. has 11.51% of their total portfolio invested in the company, equating to 219.80 million shares. The Missouri-based Terril Brothers Inc. has a total of 8.38% of their portfolio invested in the stock. Athena Global Investors Llc, a Virginia-based fund reported 516,520 shares owned.
Since March 23, 2015, the stock had 0 insider buys, and 2 selling transactions for a total of $1.49 million in net activity. Fleming John sold 91,576 shares worth $1.26M. Schoch David L. sold 14,903 shares worth $221,783. Leitch David G sold 140,000 shares worth $2.10M. Rowley Stuart J. sold 12,000 shares worth $197,688.
Ford Motor Company manufactures or distributes automobiles across six continents. The company has a market cap of $54.05 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 11.64 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.