Insider Selling: Ford Motor Company CFO Unloads 280,896 Shares of Stock (F)
Ford Motor Company (NYSE:F) CFO Robert L. Shanks unloaded 280,896 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $17.13, for a total value of $4,811,748.48. Following the completion of the sale, the chief financial officer now directly owns 289,395 shares of the company’s stock, valued at approximately $4,957,336. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
F has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus upgraded shares of Ford Motor Company from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $22.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Ford Motor Company in a research note on Friday, July 25th. They now have a $20.00 price target on the stock, up previously from $19.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Ford Motor Company in a research note on Friday, July 25th. They now have a $19.00 price target on the stock. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $19.47.
Ford Motor Company (NYSE:F) traded up 0.23% on Tuesday, hitting $17.21. The stock had a trading volume of 25,514,646 shares. Ford Motor Company has a 52 week low of $14.40 and a 52 week high of $18.12. The stock’s 50-day moving average is $17.3 and its 200-day moving average is $16.17. The company has a market cap of $66.748 billion and a price-to-earnings ratio of 10.56. Ford Motor Company also saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 75,215,684 shares, an increase of 5.9% from the July 15th total of 71,003,193 shares. Based on an average trading volume of 33,182,110 shares, the short-interest ratio is currently 2.3 days. Currently, 1.9% of the shares of the company are sold short.
Ford Motor Company (NYSE:F) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.06. The company had revenue of $37.40 billion for the quarter, compared to the consensus estimate of $38.13 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post $1.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Friday, August 1st will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Wednesday, July 30th.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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