Ford Motor Company (NYSE:F) has been at the forefront of advancements within the automobile industry as of late. They have converted a boring automobile company into a cutting edge manufacturer that seemingly is keeping themselves ahead of competitors. Now comes news of a patent filing by Ford that was recently granted and published, for the creation removable automobile wheels that tranform into something much more interesting.
The Ford Motor Company (NYSE:F) patent is for an invention which will allow individual wheels from a car to pop off and transform into electric unicycles. The idea, presumably, is to combat crowded roadways and help drivers maneuver tight spaces, and save on fuel.
While the patent has been filed for and granted, the question remains if Ford Motor Company (NYSE:F) actually has plans on utilizing it, and if so, will it be anytime soon? Could we begin seeing them work on this creation sometime in the coming year, or will it simply remain on record for future consideration?
The stock is up 0.53% or $0.07 following the news, hitting $14.26 per share. About 12.43 million shares traded hands. F has declined 6.65% since May 26, 2015 and is downtrending. It has underperformed the S&P500 by 4.38%.
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 123.91% above today’s ($14.26) 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 purchases, and 1 insider sale for a total of $1.26 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 $56.85 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 11.95 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.