Ford Motor Company (NYSE:F) Shares Fall Despite Announcement of Special Dividend

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Shares of Ford Motor Company (NYSE:F) are trading down today depite an announcement they made about a special dividend that will be issued to shareholders.

The special dividend issued by Ford Motor Company (NYSE:F) comes as the company has had higher profits than originally expected. The dividend will be in the amount of $1 billion which is equivalent to $0.25 per share. This is in addition to the normal dividend of $0.15 per share.

Ford has been making quite a few interesting announcements as of late, including progress on self-driving vehicles and a new smartphone app called FordPass. It should be interesting to see what 2016 has in store for the company.

The stock is down 2.76% or $0.36 today, hitting $12.49 per share. Approximately 29.75M shares traded hands. F shares have declined 13.64% since June 9, 2015 and are currently downtrending. It has underperformed the S&P500 by 6.16%.

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 155.64% above today’s ($12.49) 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 worsened, 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 buys, and 1 insider sale for a total of $1.26 million in net activity. Fleming John sold 91,576 shares worth $1.26 million. 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 $49.59 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 10.47 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.

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