Ford Motor Company (F) Teams With IBM for Vehicle Connectivity Initiatives

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Today Ford Motor Company (NYSE:F) announced that they have partnered with IBM (NYSE:IBM) on an intiative to expand their connected vehicle capabilities. As a part of this parnership IBM will be providing the data analytic tools to Ford Motor Company (NYSE:F) so that they can add big data capabilities to their Smart Mobility initiative.

“Ford is transforming from being a producer of automobiles, to also becoming a provider of mobility solutions. Working with IBM, Ford can use data and real-time streaming analytics in the cloud to improve the commuting experience for its customers,” said Randy Cox, Ford lead account partner for IBM Global Business Services.

The two companies are now working on a pilot program to analyze vehicle data in chuncks of 10-15 seconds. This data then can be used to assist drivers in finding parking spots or avoiding potential traffic jams. This move is yet another one in a long line of recent moves that Ford Motor Company (NYSE:F) appears to be taking to become a connected and automated vehicle powerhouse. The stock is up 1.83% or $0.23 following the news, hitting $12.77 per share. About 28.94 million shares traded hands. F has declined 15.16% since June 5, 2015 and is downtrending. It has underperformed the S&P500 by 10.46%.

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 150.04% above today’s ($12.77) 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 dropped, 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 1 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 $2.10 million. 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 $50.58 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 10.7 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.

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