Investors Buy Shares of Ford Motor Co. (F) on Weakness on Insider Selling
Investors purchased shares of Ford Motor Co. (NYSE:F) on weakness during trading on Monday after an insider sold shares in the company. $78.62 million flowed into the stock on the tick-up and $51.25 million flowed out of the stock on the tick-down, for a money net flow of $27.37 million into the stock. Of all equities tracked, Ford Motor had the 34th highest net in-flow for the day. Ford Motor traded down ($0.17) for the day and closed at $12.12Specifically, Director John C. Lechleiter acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were bought at an average cost of $12.26 per share, with a total value of $61,300.00. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $306,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sankar S. Nair sold 82,000 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $12.11, for a total transaction of $993,020.00. Following the sale, the insider now directly owns 32,969 shares in the company, valued at $399,254.59. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Several equities analysts have issued reports on the stock. Goldman Sachs Group Inc. restated a “neutral” rating and set a $12.00 target price (down previously from $13.00) on shares of Ford Motor in a research note on Saturday. Buckingham Research cut shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $12.00 in a research note on Tuesday, September 20th. Nomura assumed coverage on shares of Ford Motor in a research note on Tuesday, September 20th. They set a “buy” rating and a $14.00 target price on the stock. Deutsche Bank AG restated a “hold” rating and set a $13.00 target price on shares of Ford Motor in a research note on Friday, September 16th. Finally, Bank of America Corp. restated a “neutral” rating and set a $14.00 target price on shares of Ford Motor in a research note on Wednesday, September 14th. Five analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Ford Motor has a consensus rating of “Hold” and an average target price of $14.03.
The firm has a 50 day moving average of $12.30 and a 200 day moving average of $12.89. The firm has a market cap of $48.16 billion, a P/E ratio of 5.72 and a beta of 1.27.
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Ford Motor (NYSE:F) last released its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 EPS for the quarter, missing the Thomson Reuters’ 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 company earned $39.50 million during the quarter, compared to analysts’ expectations of $36.29 billion. During the same quarter in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Co. will post $1.82 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in F. Vanguard Group Inc. raised its stake in Ford Motor by 3.8% in the second quarter. Vanguard Group Inc. now owns 244,456,762 shares of the auto manufacturer’s stock valued at $3,072,821,000 after buying an additional 8,920,917 shares in the last quarter. State Street Corp raised its stake in Ford Motor by 0.9% in the first quarter. State Street Corp now owns 153,679,968 shares of the auto manufacturer’s stock valued at $2,074,690,000 after buying an additional 1,431,699 shares in the last quarter. BlackRock Fund Advisors raised its stake in Ford Motor by 2.9% in the second quarter. BlackRock Fund Advisors now owns 45,632,847 shares of the auto manufacturer’s stock valued at $573,605,000 after buying an additional 1,265,872 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ford Motor by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 34,862,832 shares of the auto manufacturer’s stock valued at $438,231,000 after buying an additional 953,271 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Ford Motor by 3.4% in the first quarter. Geode Capital Management LLC now owns 33,746,016 shares of the auto manufacturer’s stock valued at $454,713,000 after buying an additional 1,114,524 shares in the last quarter. Institutional investors and hedge funds own 56.05% of the company’s stock.
About Ford Motor
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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