Insider Selling: Nicholas J. Smither Unloads 54,748 Shares of Ford Motor Company Stock (F)
Ford Motor Company (NYSE:F) VP Nicholas J. Smither sold 54,748 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $17.35, for a total transaction of $949,877.80. Following the sale, the vice president now directly owns 266,397 shares of the company’s stock, valued at approximately $4,621,988. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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, August 13th. 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, August 12th. 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 issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.38.
Shares of Ford Motor Company (NYSE:F) opened at 17.31 on Monday. Ford Motor Company has a 1-year low of $14.40 and a 1-year high of $18.12. The stock’s 50-day moving average is $17.36 and its 200-day moving average is $16.2. The company has a market cap of $67.136 billion and a price-to-earnings ratio of 10.65. Ford Motor Company also was the recipient of a large growth in short interest in 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. Currently, 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 33,182,110 shares, the short-interest 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 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Ford Motor Company will post $1.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, July 30th.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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