Ford Motor (NYSE:F) Chairman William Clay Ford, Jr. sold 454,260 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $10.32, for a total value of $4,687,963.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Ford Motor (NYSE F) traded up $0.24 during midday trading on Wednesday, reaching $11.02. The company’s stock had a trading volume of 91,980,000 shares, compared to its average volume of 48,450,000. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.23 and a quick ratio of 1.12. The firm has a market capitalization of $43,790.00, a PE ratio of 6.12, a P/E/G ratio of 0.66 and a beta of 1.12. Ford Motor has a 12-month low of $10.14 and a 12-month high of $13.48.
Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, January 24th. The auto manufacturer reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $38.50 billion for the quarter, compared to analyst estimates of $36.96 billion. Ford Motor had a return on equity of 21.71% and a net margin of 4.85%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. research analysts anticipate that Ford Motor will post 1.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Tuesday, January 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Monday, January 29th. Ford Motor’s payout ratio is 33.33%.
Several equities analysts recently commented on F shares. Morgan Stanley upgraded Ford Motor from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $10.78 to $10.00 in a research note on Wednesday. They noted that the move was a valuation call. BMO Capital Markets reissued a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research report on Tuesday, March 6th. ValuEngine downgraded Ford Motor from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. Nomura decreased their target price on Ford Motor to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 1st. Finally, Cascend Securities downgraded Ford Motor to a “buy” rating in a research report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $12.44.
A number of hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors boosted its stake in Ford Motor by 0.9% during the 3rd quarter. Nationwide Fund Advisors now owns 1,102,511 shares of the auto manufacturer’s stock valued at $13,197,000 after purchasing an additional 10,082 shares in the last quarter. Parametrica Management Ltd bought a new position in Ford Motor during the 3rd quarter valued at $170,000. Canada Pension Plan Investment Board boosted its stake in Ford Motor by 28.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,447,675 shares of the auto manufacturer’s stock valued at $17,329,000 after purchasing an additional 320,900 shares in the last quarter. Andra AP fonden boosted its stake in Ford Motor by 6.4% during the 3rd quarter. Andra AP fonden now owns 168,200 shares of the auto manufacturer’s stock valued at $2,013,000 after purchasing an additional 10,100 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its stake in Ford Motor by 0.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 1,080,360 shares of the auto manufacturer’s stock valued at $12,932,000 after purchasing an additional 8,775 shares in the last quarter. 61.59% 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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