Ford Motor Co. (F) Shares Down 1.1% Following Insider Selling
Ford Motor Co. (NYSE:F) traded down 1.1% during mid-day trading on Monday following insider selling activity. The company traded as low as $12.15 and last traded at $12.16, with a volume of 12,864,753 shares. The stock had previously closed at $12.29.
Specifically, Director John C. Lechleiter purchased 5,000 shares of the stock in a transaction on Monday, August 8th. The shares were purchased at an average price of $12.26 per share, with a total value of $61,300.00. Following the acquisition, the director now directly owns 25,000 shares in the company, valued at approximately $306,500. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sankar S. Nair sold 82,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total value of $993,020.00. Following the completion of the sale, the insider now directly owns 32,969 shares in the company, valued at approximately $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.
A number of equities analysts recently weighed in on the company. Jefferies Group reissued a “sell” rating and set a $10.00 price objective on shares of Ford Motor in a report on Wednesday, August 17th. Rodman & Renshaw assumed coverage on Ford Motor in a report on Monday, July 18th. They set a “buy” rating on the stock. Vetr cut Ford Motor from a “buy” rating to a “hold” rating and set a $13.46 price objective on the stock. in a report on Monday, July 11th. Daiwa Capital Markets cut Ford Motor from a “neutral” rating to an “underperform” rating in a report on Monday, August 1st. Finally, Bank of America Corp. reissued a “neutral” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, September 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.03.
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The firm has a 50-day moving average of $12.31 and a 200-day moving average of $12.90. The firm has a market capitalization of $48.27 billion, a PE ratio of 5.73 and a beta of 1.27.
Ford Motor (NYSE:F) last issued its quarterly earnings results on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.08. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The business earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Ford Motor by 5.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 168,671 shares of the auto manufacturer’s stock valued at $2,277,000 after buying an additional 8,872 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in shares of Ford Motor by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 4,662,209 shares of the auto manufacturer’s stock valued at $62,940,000 after buying an additional 54,956 shares during the period. Peapack Gladstone Financial Corp boosted its position in shares of Ford Motor by 5.8% in the first quarter. Peapack Gladstone Financial Corp now owns 345,243 shares of the auto manufacturer’s stock valued at $4,661,000 after buying an additional 18,983 shares during the period. Columbia Partners L L C Investment Management boosted its position in shares of Ford Motor by 15.9% in the first quarter. Columbia Partners L L C Investment Management now owns 81,211 shares of the auto manufacturer’s stock valued at $1,096,000 after buying an additional 11,166 shares during the period. Finally, Acrospire Investment Management LLC purchased a new position in shares of Ford Motor during the first quarter valued at about $104,000. Hedge funds and other institutional investors own 56.05% of the company’s stock.
Ford Motor Company Profile
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services.
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