Insider Selling: Ford Motor Company VP Sells 29,000 Shares of Stock (F)
Ford Motor Company (NYSE:F) VP Sankar S. Nair sold 29,000 shares of Ford Motor Company stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $17.31, for a total transaction of $501,990.00. Following the sale, the vice president now directly owns 31,012 shares in the company, valued at approximately $536,818. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Ford Motor Company (NYSE:F) traded down 0.69% during mid-day trading on Friday, hitting $17.31. 20,959,568 shares of the company’s stock traded hands. 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 $17.36 and a 200-day moving average of $16.19. The company has a market cap of $67.136 billion and a price-to-earnings ratio of 10.72. Ford Motor Company also was the recipient of a significant 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. Approximately 1.9% of the shares of the company are sold short. 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 released its earnings data 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue 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. Investors 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 2.87%. The ex-dividend date is Wednesday, July 30th.
A number of analysts have recently weighed in on F shares. 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 $18.00 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 research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $19.38.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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