Insider Selling: Ford Motor Company (F) Insider Sells 22,076 Shares of Stock
Ford Motor Company (NYSE:F) insider Steven R. Armstrong sold 22,076 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $12.37, for a total value of $273,080.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Ford Motor Company (NYSE:F) traded down 0.41% during mid-day trading on Thursday, reaching $12.25. The company had a trading volume of 48,145,783 shares. The stock has a 50 day moving average price of $11.40 and a 200 day moving average price of $11.28. Ford Motor Company has a 12-month low of $10.47 and a 12-month high of $13.27. The firm has a market capitalization of $48.65 billion, a PE ratio of 12.89 and a beta of 1.12. Ford Motor also was the target of unusually large options trading on Wednesday. Traders purchased 49,559 call options on the stock. This represents an increase of 160% compared to the typical daily volume of 19,065 call options.
Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, July 26th. The auto manufacturer reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.13. The business had revenue of $36.93 billion for the quarter, compared to analyst estimates of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. Ford Motor’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. On average, equities analysts forecast that Ford Motor Company will post $1.75 earnings per share for the current year.
A number of research analysts have issued reports on F shares. Nomura cut Ford Motor to a “hold” rating in a research report on Saturday, August 5th. Berenberg Bank set a $10.00 target price on Ford Motor and gave the company a “sell” rating in a research report on Monday, June 12th. BidaskClub upgraded Ford Motor from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Vetr upgraded Ford Motor from a “buy” rating to a “strong-buy” rating and set a $12.65 target price on the stock in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Ford Motor in a research report on Tuesday, August 15th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.50.
Several hedge funds have recently modified their holdings of the company. Eqis Capital Management Inc. grew its position in shares of Ford Motor by 16.3% in the 3rd quarter. Eqis Capital Management Inc. now owns 57,177 shares of the auto manufacturer’s stock worth $684,000 after buying an additional 8,013 shares during the last quarter. Hefty Wealth Partners grew its position in shares of Ford Motor by 9,243.5% in the 3rd quarter. Hefty Wealth Partners now owns 40,177 shares of the auto manufacturer’s stock worth $481,000 after buying an additional 39,747 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth approximately $209,000. W. E. Donoghue & Co. LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth approximately $16,118,000. Finally, United Bank VA grew its position in shares of Ford Motor by 19.6% in the 2nd quarter. United Bank VA now owns 310,284 shares of the auto manufacturer’s stock worth $3,472,000 after buying an additional 50,901 shares during the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
About Ford Motor
Ford Motor Company is a global automotive and mobility company. The Company’s business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations.
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