Steven R. Armstrong Sells 10,752 Shares of Ford Motor Company (F) Stock
Ford Motor Company (NYSE:F) insider Steven R. Armstrong sold 10,752 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $12.32, for a total transaction of $132,464.64. Following the transaction, the insider now directly owns 101,159 shares of the company’s stock, valued at approximately $1,246,278.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Ford Motor Company (NYSE:F) traded up $0.08 on Friday, hitting $12.61. 21,217,510 shares of the stock were exchanged, compared to its average volume of 32,663,100. The firm has a market capitalization of $49,772.94, a price-to-earnings ratio of 7.46, a P/E/G ratio of 0.65 and a beta of 1.24. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.19 and a quick ratio of 1.08. Ford Motor Company has a 1-year low of $10.47 and a 1-year high of $13.27.
Ford Motor (NYSE:F) last announced its quarterly earnings data on Thursday, October 26th. The auto manufacturer reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.10. The business had revenue of $33.65 billion during the quarter, compared to analyst estimates of $32.80 billion. Ford Motor had a net margin of 2.91% and a return on equity of 21.62%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 earnings per share. equities research analysts predict that Ford Motor Company will post 1.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Friday, October 20th. Ford Motor’s dividend payout ratio is currently 54.55%.
A number of research firms have weighed in on F. Cascend Securities lowered shares of Ford Motor to a “buy” rating in a research report on Tuesday. Vetr lowered shares of Ford Motor from a “buy” rating to a “hold” rating and set a $12.34 target price for the company. in a research report on Wednesday, September 27th. Morgan Stanley reissued an “equal weight” rating on shares of Ford Motor in a research report on Tuesday, November 28th. ValuEngine raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, FIG Partners reissued a “hold” rating on shares of Ford Motor in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the stock. Ford Motor has an average rating of “Hold” and a consensus target price of $12.61.
Several institutional investors and hedge funds have recently made changes to their positions in F. Pzena Investment Management LLC grew its stake in Ford Motor by 38.4% during the second quarter. Pzena Investment Management LLC now owns 23,812,718 shares of the auto manufacturer’s stock worth $266,464,000 after buying an additional 6,611,425 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Ford Motor during the third quarter worth about $76,726,000. BlackRock Inc. grew its stake in Ford Motor by 2.4% during the second quarter. BlackRock Inc. now owns 234,567,920 shares of the auto manufacturer’s stock worth $2,624,814,000 after buying an additional 5,562,630 shares during the last quarter. Franklin Resources Inc. grew its stake in Ford Motor by 5.7% during the second quarter. Franklin Resources Inc. now owns 87,703,958 shares of the auto manufacturer’s stock worth $981,407,000 after buying an additional 4,706,379 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in Ford Motor by 18.3% during the second quarter. Capital Research Global Investors now owns 23,655,000 shares of the auto manufacturer’s stock worth $264,699,000 after buying an additional 3,655,000 shares during the last quarter. 53.78% of the stock is owned by institutional investors and hedge funds.
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Ford Motor Company Profile
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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