Ford Motor Company (NYSE:F) is yet another company playing catch-up in the autonomous vehicle space, and according to
“We want to put an exclamation point that we are moving from an auto company to an auto and mobility company,” Ford CEO Mark Fields told Re/code in an interview tonight. “We’ve been at this a long time, but we will be accelerating going forward.”
Ford Motor Company (NYSE:F) will be tripling its fleet of autonomous test vehicles and is integrating their in-car software with a variety of connected-home devices, particularly Amazon’s Echo. The Echo is a small hub which allows users to ask it questions, get information and probably eventually control their homes. In a separate deal, Ford is teaming with China’s DJI in order to work on ways to allow communication between drones and cars. The stock decreased 0.71% or $0.1 during the last trading session, hitting $13.99. Approximately shares traded hands. F shares have declined 9.05% since June 1, 2015 and are currently downtrending. It has underperformed the S&P500 by 6.04%.
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 128.23% above today’s ($13.99) 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 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 $55.92 billion. The Firm operates in two sectors: Automotive and Financial Services. It has 11.72 P/E ratio. Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific divisions.