Ford Motor Co. (F) Insider Ziad S. Ojakli Sells 10,000 Shares of Stock
Ford Motor Co. (NYSE:F) insider Ziad S. Ojakli sold 10,000 shares of the business’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $11.86, for a total transaction of $118,600.00. Following the completion of the transaction, the insider now directly owns 503,246 shares in the company, valued at $5,968,497.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ford Motor Co. (NYSE:F) traded up 0.2841% during trading on Tuesday, reaching $11.8235. The company’s stock had a trading volume of 3,646,115 shares. The firm’s 50-day moving average price is $11.90 and its 200 day moving average price is $12.58. The company has a market capitalization of $46.98 billion, a P/E ratio of 6.5323 and a beta of 1.12. Ford Motor Co. has a 12-month low of $11.02 and a 12-month high of $14.68.
Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 27th. The auto manufacturer reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The business had revenue of $35.90 billion for the quarter, compared to analysts’ expectations of $32.70 billion. Ford Motor had a return on equity of 26.97% and a net margin of 4.80%. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share. On average, analysts predict that Ford Motor Co. will post $1.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, October 27th will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $0.60 annualized dividend and a yield of 5.09%. Ford Motor’s payout ratio is 33.15%.
Several equities research analysts have recently weighed in on F shares. Seaport Global Securities started coverage on Ford Motor in a research report on Tuesday, August 9th. They set a “buy” rating and a $20.00 price target on the stock. Vetr upgraded Ford Motor from a “hold” rating to a “buy” rating and set a $13.46 price target on the stock in a research report on Thursday, July 28th. set a $13.00 price target on Ford Motor and gave the company a “buy” rating in a research report on Tuesday, September 13th. Nomura started coverage on Ford Motor in a research report on Tuesday, September 20th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Barclays PLC reiterated an “equal weight” rating and set a $12.00 price target (down from $13.00) on shares of Ford Motor in a research report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.78.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nadler Financial Group Inc. increased its stake in shares of Ford Motor by 5.3% in the second quarter. Nadler Financial Group Inc. now owns 15,404 shares of the auto manufacturer’s stock valued at $194,000 after buying an additional 773 shares during the period. Patten & Patten Inc. TN increased its stake in shares of Ford Motor by 1.8% in the second quarter. Patten & Patten Inc. TN now owns 20,061 shares of the auto manufacturer’s stock valued at $252,000 after buying an additional 360 shares during the period. Howland Capital Management LLC acquired a new stake in shares of Ford Motor during the second quarter valued at about $157,000. Park National Corp OH increased its stake in shares of Ford Motor by 2.1% in the second quarter. Park National Corp OH now owns 1,319,892 shares of the auto manufacturer’s stock valued at $16,591,000 after buying an additional 27,530 shares during the period. Finally, Stock Yards Bank & Trust Co. increased its stake in shares of Ford Motor by 17.0% in the second quarter. Stock Yards Bank & Trust Co. now owns 19,615 shares of the auto manufacturer’s stock valued at $247,000 after buying an additional 2,844 shares during the period. 55.22% of the stock is currently 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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