Ford Motor Company (NYSE:F) Drivers Will Be Able to Use Apple (AAPL) CarPlay and Google (GOOG) Android Auto on Sync 3


Shares of Ford Motor Company (NYSE:F) stock are trading down slightly in the pre-market this morning, after the company announced that they will be enabling the use of Apple (NASDAQ:AAPL) CarPlay and Google (NASDAQ:GOOG) Android Auto with its Sync Connect Technology — more specifically Sync 3.

Both systems will be available on all of Ford Motor Company’s (NYSE:F) 2017 vehicles which are equipped with Sync 3. Also owners of 2016 Ford vehicles with Sync 3 will be able to upgrade to the new service at some point as well.

This means that users of both iOS and Android operating systems will be able to communicate with their cars via their mobile phones and/or tablets. They will be able to access their phone, messages, music, and maps, via voice search and touch screen. Sync Connect will also allow users to remotely unlock and lock their vehicles as well as check up on vehicle location and fuel levels.

The stock closed at $14.09 during the last trading session. It is down 7.12% since May 29, 2015 and is downtrending. It has underperformed the S&P500 by 4.99%.

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 126.61% above today’s ($14.09) 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 is 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 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 $55.92 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 11.81 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.