Ford Motor Company VP Sells $1,046,400 in Stock (F)
Ford Motor Company (NYSE:F) VP David G. Leitch sold 60,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $17.44, for a total transaction of $1,046,400.00. Following the sale, the vice president now directly owns 270,201 shares in the company, valued at approximately $4,712,305. The sale was disclosed in a filing with the SEC, which is available at this link.
F has been the subject of a number of recent research reports. 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 research 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. Ford Motor Company has an average rating of “Buy” and a consensus price target of $19.38.
Shares of Ford Motor Company (NYSE:F) traded down 0.40% on Tuesday, hitting $17.36. 15,898,733 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’s 50-day moving average is $17.37 and its 200-day moving average is $16.22. The company has a market cap of $67.330 billion and a P/E ratio of 10.72.
Ford Motor Company (NYSE:F) last issued its quarterly 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 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. Analysts expect that Ford Motor Company will post $1.33 EPS 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 2.88%. The ex-dividend date is Wednesday, July 30th.
Ford Motor Company (NYSE:F) is a producer of automobiles.
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