Insider Selling: Ford Motor Company EVP Sells 191,948 Shares of Stock (F)
Ford Motor Company (NYSE:F) EVP Joseph R. Hinrichs unloaded 191,948 shares of the company’s stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $17.22, for a total value of $3,305,344.56. Following the completion of the sale, the executive vice president now directly owns 390,620 shares in the company, valued at approximately $6,726,476. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse initiated coverage on shares of Ford Motor Company in a research note on Wednesday. They set a “neutral” rating and a $18.50 price target on the stock. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.41.
Shares of Ford Motor Company (NYSE:F) traded up 1.22% during mid-day trading on Wednesday, hitting $17.42. 26,177,836 shares of the company’s stock traded hands. Ford Motor Company has a one year low of $14.40 and a one year high of $18.12. The stock has a 50-day moving average of $17.35 and a 200-day moving average of $16.18. The company has a market cap of $67.563 billion and a price-to-earnings ratio of 10.58. Ford Motor Company also was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 75,215,684 shares, a growth of 5.9% from the July 15th total of 71,003,193 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily trading volume, of 33,182,110 shares, the short-interest ratio is currently 2.3 days.
Ford Motor Company (NYSE:F) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.45 earnings per share. Ford Motor Company’s revenue was down 1.9% compared to the same quarter last year. 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. Shareholders 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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