Shares of Ford Motor Co. (NYSE:F) traded down 1.1% during trading on Monday following insider selling activity. The stock 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, insider Sankar S. Nair sold 82,000 shares of the business’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 value of $993,020.00. Following the completion of the sale, the insider now owns 32,969 shares in the company, valued at $399,254.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Lechleiter purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was purchased at an average price of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $306,500. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
A number of analysts 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 target 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 target for the company. Finally, Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $12.00 price target (down previously from $13.00) on shares of Ford Motor in a report on Saturday. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.03.
The company’s 50 day moving average is $12.30 and its 200-day moving average is $12.89. The firm has a market cap of $48.16 billion, a P/E ratio of 5.72 and a beta of 1.27.
Ford Motor (NYSE:F) last issued 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. Ford Motor had a net margin of 5.35% and a return on equity of 30.49%. The business earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same period in the prior year, the business earned $0.47 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Ford Motor Co. will post $1.82 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. Aviva PLC raised its stake in shares of Ford Motor by 0.8% in the first quarter. Aviva PLC now owns 4,361,838 shares of the auto manufacturer’s stock worth $58,885,000 after buying an additional 36,066 shares during the last quarter. Spark Investment Management LLC raised its stake in shares of Ford Motor by 2,002.9% in the first quarter. Spark Investment Management LLC now owns 321,488 shares of the auto manufacturer’s stock worth $4,340,000 after buying an additional 306,200 shares during the last quarter. LVW Advisors LLC raised its stake in shares of Ford Motor by 21.2% in the first quarter. LVW Advisors LLC now owns 26,277 shares of the auto manufacturer’s stock worth $355,000 after buying an additional 4,588 shares during the last quarter. Landscape Capital Management L.L.C. raised its stake in shares of Ford Motor by 960.1% in the first quarter. Landscape Capital Management L.L.C. now owns 181,495 shares of the auto manufacturer’s stock worth $2,450,000 after buying an additional 164,375 shares during the last quarter. Finally, Advisor Partners LLC raised its stake in shares of Ford Motor by 1.3% in the first quarter. Advisor Partners LLC now owns 37,809 shares of the auto manufacturer’s stock worth $510,000 after buying an additional 480 shares during the last quarter. 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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