Insider Selling: Stuart J. Rowley Sells 31,082 Shares of Ford Motor Company Stock (F)
Ford Motor Company (NYSE:F) VP Stuart J. Rowley sold 31,082 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 $17.32, for a total transaction of $538,340.24. Following the sale, the vice president now directly owns 28,404 shares in the company, valued at approximately $491,957. The sale was disclosed in a filing with the SEC, which can be accessed through 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 given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $19.41.
Shares of Ford Motor Company (NYSE:F) traded up 1.22% during mid-day trading on Wednesday, hitting $17.42. The stock had a trading volume of 26,177,836 shares. Ford Motor Company has a 1-year low of $14.40 and a 1-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 P/E ratio of 10.58. Ford Motor Company also was the target of a large increase in short interest during the month of 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. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 33,182,110 shares, the days-to-cover ratio is presently 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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