Sankar S. Nair Sells 82,000 Shares of Ford Motor Co. (F) Stock
Ford Motor Co. (NYSE:F) insider Sankar S. Nair sold 82,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the transaction, the insider now owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Ford Motor Co. (NYSE:F) opened at 12.39 on Friday. Ford Motor Co. has a 12 month low of $11.02 and a 12 month high of $15.84. The firm has a market capitalization of $49.23 billion, a price-to-earnings ratio of 5.84 and a beta of 1.27. The stock’s 50 day moving average price is $12.31 and its 200-day moving average price is $12.91.
Ford Motor (NYSE:F) last issued its earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. During the same period in the previous year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
F has been the subject of several research reports. Goldman Sachs Group Inc. set a $15.00 target price on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, July 7th. Vetr lowered Ford Motor from a “strong-buy” rating to a “buy” rating and set a $13.45 target price for the company. in a research report on Monday, July 4th. Tigress Financial reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Zacks Investment Research upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Tuesday, June 21st. Finally, Rodman & Renshaw initiated coverage on Ford Motor in a research report on Monday, July 18th. They set a “buy” rating for the company. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and an average target price of $14.07.
Several institutional investors have recently modified their holdings of F. Acrospire Investment Management LLC acquired a new stake in Ford Motor during the first quarter worth approximately $104,000. Columbia Partners L L C Investment Management raised its stake in Ford Motor by 15.9% in the first quarter. Columbia Partners L L C Investment Management now owns 81,211 shares of the auto manufacturer’s stock worth $1,096,000 after buying an additional 11,166 shares during the period. Peapack Gladstone Financial Corp raised its stake in Ford Motor by 5.8% in the first quarter. Peapack Gladstone Financial Corp now owns 345,243 shares of the auto manufacturer’s stock worth $4,661,000 after buying an additional 18,983 shares during the period. BlackRock Japan Co. Ltd raised its stake in Ford Motor by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 4,662,209 shares of the auto manufacturer’s stock worth $62,940,000 after buying an additional 54,956 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Ford Motor by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 104,765,891 shares of the auto manufacturer’s stock worth $1,414,340,000 after buying an additional 1,615,938 shares during the period. 56.06% of the stock is owned by institutional investors and hedge funds.
About Ford Motor
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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