Ford Motor Co. (F) Shares Down 1.1% Following Insider Selling
Ford Motor Co. (NYSE:F)’s share price was down 1.1% during mid-day trading on Monday following insider selling activity. The company traded as low as $12.15 and last traded at $12.16, with a volume of 12,864,753 shares. The stock had previously closed at $12.29.
Specifically, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average cost of $12.26 per share, for a total transaction of $61,300.00. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $306,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the transaction, the insider now owns 32,969 shares of the company’s stock, valued at $399,254.59. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.
A number of equities analysts have recently issued reports on F shares. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $14.18 price objective for the company in a report on Monday, June 27th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ford Motor in a report on Monday, September 12th. Rodman & Renshaw started coverage on Ford Motor in a report on Monday, July 18th. They issued a “buy” rating for the company. Seaport Global Securities started coverage on Ford Motor in a report on Tuesday, August 9th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $12.00 price objective (down from $13.00) on shares of Ford Motor in a report on Saturday. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.03.
The company has a market capitalization of $48.16 billion, a P/E ratio of 5.72 and a beta of 1.27. The firm’s 50-day moving average price is $12.30 and its 200-day moving average price is $12.89.
Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.47 EPS. On average, equities research analysts forecast that Ford Motor Co. will post $1.82 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in F. Advisory Services Network LLC raised its position in shares of Ford Motor by 0.6% in the third quarter. Advisory Services Network LLC now owns 59,800 shares of the auto manufacturer’s stock valued at $722,000 after buying an additional 342 shares during the period. First Mercantile Trust Co. raised its position in shares of Ford Motor by 3.6% in the third quarter. First Mercantile Trust Co. now owns 37,955 shares of the auto manufacturer’s stock valued at $458,000 after buying an additional 1,305 shares during the period. Independent Portfolio Consultants Inc. raised its position in shares of Ford Motor by 4.4% in the third quarter. Independent Portfolio Consultants Inc. now owns 88,696 shares of the auto manufacturer’s stock valued at $1,071,000 after buying an additional 3,745 shares during the period. Telemus Capital LLC raised its position in shares of Ford Motor by 0.5% in the third quarter. Telemus Capital LLC now owns 60,867 shares of the auto manufacturer’s stock valued at $735,000 after buying an additional 274 shares during the period. Finally, Burke & Herbert Bank & Trust Co. raised its position in shares of Ford Motor by 18.0% in the third quarter. Burke & Herbert Bank & Trust Co. now owns 31,066 shares of the auto manufacturer’s stock valued at $375,000 after buying an additional 4,730 shares during the period. Institutional investors and hedge funds own 56.05% of the company’s stock.
Ford Motor Company Profile
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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