Jon M. Huntsman, Jr. Sells 81,234 Shares of Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the sale, the director now owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ford Motor Price Performance

Shares of Ford Motor stock opened at $12.16 on Friday. The business has a 50 day moving average of $12.62 and a 200 day moving average of $11.96. Ford Motor has a 52 week low of $9.63 and a 52 week high of $15.42. The company has a market cap of $48.55 billion, a PE ratio of 12.54, a P/E/G ratio of 0.80 and a beta of 1.61. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. The business had revenue of $42.78 billion during the quarter, compared to analyst estimates of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. As a group, equities research analysts forecast that Ford Motor will post 1.97 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.93%. Ford Motor’s payout ratio is 61.86%.

Analyst Ratings Changes

F has been the subject of a number of recent research reports. Sanford C. Bernstein began coverage on shares of Ford Motor in a report on Thursday. They issued an “outperform” rating and a $16.00 price objective for the company. Citigroup boosted their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Barclays raised their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Royal Bank of Canada increased their target price on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Finally, Piper Sandler assumed coverage on Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Whittier Trust Co. of Nevada Inc. grew its position in shares of Ford Motor by 835.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,839 shares during the period. Fortis Group Advisors LLC grew its holdings in Ford Motor by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the period. Milestone Investment Advisors LLC bought a new position in shares of Ford Motor during the third quarter valued at approximately $27,000. Voisard Asset Management Group Inc. purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $27,000. Finally, Financial Synergies Wealth Advisors Inc. boosted its position in shares of Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.