Ford Motor Sees Unusually High Options Volume (F)
Ford Motor Company (NYSE:F) was the target of some unusual options trading activity on Friday. Traders bought 25,069 call options on the company. This represents an increase of approximately 259% compared to the average volume of 6,974 call options.
Ford Motor (NYSE F) opened at 10.84 on Wednesday. The company has a market cap of $43.05 billion, a P/E ratio of 11.41 and a beta of 1.11. The stock’s 50 day moving average is $11.10 and its 200-day moving average is $11.47. Ford Motor has a 12-month low of $10.47 and a 12-month high of $13.27.
Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to the consensus estimate of $37.22 billion. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.52 EPS. Analysts predict that Ford Motor will post $1.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend is Thursday, July 20th. Ford Motor’s dividend payout ratio is 63.16%.
In related news, insider James D. Farley, Jr. sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $11.16, for a total transaction of $279,000.00. Following the completion of the sale, the insider now directly owns 428,411 shares in the company, valued at $4,781,066.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $11.00, for a total transaction of $886,864.00. Following the sale, the vice president now owns 10 shares of the company’s stock, valued at $110. The disclosure for this sale can be found here. 1.08% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of F. Argent Trust Co increased its position in shares of Ford Motor by 0.3% in the first quarter. Argent Trust Co now owns 11,226 shares of the auto manufacturer’s stock worth $131,000 after buying an additional 30 shares during the period. JFS Wealth Advisors LLC increased its position in shares of Ford Motor by 0.3% in the second quarter. JFS Wealth Advisors LLC now owns 10,997 shares of the auto manufacturer’s stock worth $123,000 after buying an additional 33 shares during the period. FNY Managed Accounts LLC increased its position in shares of Ford Motor by 0.3% in the first quarter. FNY Managed Accounts LLC now owns 10,339 shares of the auto manufacturer’s stock worth $120,000 after buying an additional 34 shares during the period. Donaldson Capital Management LLC increased its position in shares of Ford Motor by 0.3% in the second quarter. Donaldson Capital Management LLC now owns 13,851 shares of the auto manufacturer’s stock worth $155,000 after buying an additional 43 shares during the period. Finally, Gainplan LLC increased its position in shares of Ford Motor by 0.4% in the second quarter. Gainplan LLC now owns 11,072 shares of the auto manufacturer’s stock worth $124,000 after buying an additional 45 shares during the period. 54.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. BidaskClub raised shares of Ford Motor from a “strong sell” rating to a “sell” rating in a research note on Saturday. Buckingham Research reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Ford Motor in a research note on Thursday, August 24th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Ford Motor in a research note on Tuesday, August 15th. Berenberg Bank set a $10.00 price objective on shares of Ford Motor and gave the stock a “sell” rating in a research note on Monday, August 14th. Finally, Instinet lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $14.80 to $11.60 in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.54.
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Ford Motor Company Profile
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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