Investors Buy Shares of Ford Motor Co. (F) on Weakness on Insider Selling
Investors bought shares of Ford Motor Co. (NYSE:F) on weakness during trading on Monday following insider selling activity. $78.62 million flowed into the stock on the tick-up and $51.25 million flowed out of the stock on the tick-down, for a money net flow of $27.37 million into the stock. Of all companies tracked, Ford Motor had the 34th highest net in-flow for the day. Ford Motor traded down ($0.17) for the day and closed at $12.12Specifically, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was bought at an average price of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $306,500. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total transaction of $993,020.00. Following the sale, the insider now directly owns 32,969 shares of the company’s stock, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
A number of brokerages have recently weighed in on F. Jefferies Group reaffirmed a “sell” rating and set a $10.00 price target on shares of Ford Motor in a report on Wednesday, August 17th. Rodman & Renshaw began coverage on shares of Ford Motor in a report on Monday, July 18th. They set a “buy” rating for the company. Vetr downgraded shares of Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 price target for the company. in a report on Monday, July 11th. Daiwa Capital Markets downgraded shares of Ford Motor from a “neutral” rating to an “underperform” rating in a report on Monday, August 1st. Finally, Bank of America Corp. reaffirmed a “neutral” rating and set a $14.00 price target on shares of Ford Motor in a report on Wednesday, September 14th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.03.
The company has a 50 day moving average price of $12.30 and a 200-day moving average price of $12.89. The company has a market capitalization of $48.16 billion, a price-to-earnings ratio of 5.72 and a beta of 1.27.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.08. The business earned $39.50 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share. On average, equities analysts predict that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock worth $3,072,821,000 after buying an additional 8,920,917 shares in the last quarter. State Street Corp raised its stake in Ford Motor by 0.9% in the first quarter. State Street Corp now owns 153,679,968 shares of the auto manufacturer’s stock worth $2,074,690,000 after buying an additional 1,431,699 shares in the last quarter. BlackRock Fund Advisors raised its stake in Ford Motor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer’s stock worth $573,605,000 after buying an additional 1,265,872 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ford Motor by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 34,862,832 shares of the auto manufacturer’s stock worth $438,231,000 after buying an additional 953,271 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Ford Motor by 3.4% in the first quarter. Geode Capital Management LLC now owns 33,746,016 shares of the auto manufacturer’s stock worth $454,713,000 after buying an additional 1,114,524 shares in the last quarter. Hedge funds and other institutional investors 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.
Receive News & Stock Ratings for Ford Motor Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor Co. and related stocks with our FREE daily email newsletter.