Traders Sell Shares of Ford Motor Company (F) on Strength After Insider Selling
Traders sold shares of Ford Motor Company (NYSE:F) on strength during trading hours on Wednesday following insider selling activity. $2.51 million flowed into the stock on the tick-up and $7.85 million flowed out of the stock on the tick-down, for a money net flow of $5.34 million out of the stock. Of all equities tracked, Ford Motor had the 0th highest net out-flow for the day. Ford Motor traded up $0.08 for the day and closed at $11.44Specifically, insider James D. Farley, Jr. sold 25,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $11.16, for a total value of $279,000.00. Following the completion of the transaction, the insider now directly owns 428,411 shares of the company’s stock, valued at $4,781,066.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph R. Hinrichs sold 40,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $11.34, for a total value of $453,600.00. Following the completion of the transaction, the insider now directly owns 532,435 shares of the company’s stock, valued at $6,037,812.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,624 shares of company stock valued at $1,619,464. 1.08% of the stock is owned by insiders.
A number of research analysts have issued reports on F shares. Royal Bank Of Canada reissued a “buy” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Ford Motor in a research note on Monday, May 22nd. Deutsche Bank AG reissued a “hold” rating and issued a $14.00 target price on shares of Ford Motor in a research note on Wednesday, May 24th. Vetr cut Ford Motor from a “strong-buy” rating to a “buy” rating and set a $12.45 target price for the company. in a research note on Wednesday, May 31st. Finally, Morgan Stanley boosted their target price on Ford Motor from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Friday, June 9th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.54.
The stock’s 50 day moving average is $11.01 and its 200-day moving average is $11.39. The firm has a market cap of $45.68 billion, a PE ratio of 12.11 and a beta of 1.12.
Ford Motor (NYSE:F) last posted its earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.13. Ford Motor had a net margin of 2.52% and a return on equity of 19.69%. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. During the same quarter last year, the firm earned $0.52 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts forecast that Ford Motor Company will post $1.75 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, July 20th. This represents a $0.60 annualized dividend and a dividend yield of 5.22%. Ford Motor’s dividend payout ratio is currently 63.16%.
Several institutional investors have recently bought and sold shares of the business. United Bank VA lifted its position in shares of Ford Motor by 19.6% during the 2nd quarter. United Bank VA now owns 310,284 shares of the auto manufacturer’s stock worth $3,472,000 after buying an additional 50,901 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Ford Motor by 16.3% during the 2nd quarter. Toronto Dominion Bank now owns 1,924,487 shares of the auto manufacturer’s stock worth $21,531,000 after buying an additional 270,074 shares in the last quarter. Beaton Management Co. Inc. bought a new position in shares of Ford Motor during the 2nd quarter worth approximately $320,000. Gofen & Glossberg LLC IL lifted its position in shares of Ford Motor by 18.0% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 14,783 shares of the auto manufacturer’s stock worth $165,000 after buying an additional 2,250 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Ford Motor by 2.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,667,239 shares of the auto manufacturer’s stock worth $29,846,000 after buying an additional 66,026 shares in the last quarter. 54.34% of the stock is currently owned by hedge funds and other institutional investors.
About Ford Motor
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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