Investors Buy Ford Motor Co. (F) on Weakness Following Insider Selling
Traders purchased shares of Ford Motor Co. (NYSE:F) on weakness during trading hours 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 companies 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, insider Sankar S. Nair sold 82,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $12.11, for a total value of $993,020.00. Following the sale, the insider now owns 32,969 shares in the company, valued at approximately $399,254.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Lechleiter purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was bought at an average price of $12.26 per share, for a total transaction of $61,300.00. Following the purchase, the director now directly owns 25,000 shares in the company, valued at $306,500. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.
Several equities analysts recently issued reports on the company. Vetr cut Ford Motor from a “hold” rating to a “sell” rating and set a $13.46 price objective on the stock. in a research report on Thursday, July 21st. Barclays PLC reaffirmed an “equal weight” rating and issued a $13.00 price objective (down from $14.00) on shares of Ford Motor in a research report on Tuesday, July 19th. Zacks Investment Research cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Monday, July 18th. Rodman & Renshaw assumed coverage on Ford Motor in a research report on Monday, July 18th. They issued a “buy” rating on the stock. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Ford Motor in a research report on Tuesday, June 21st. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Ford Motor has an average rating of “Hold” and a consensus price target of $14.06.
The stock has a market capitalization of $47.64 billion, a price-to-earnings ratio of 5.66 and a beta of 1.27. The stock has a 50 day moving average of $12.29 and a 200 day moving average of $12.88.
Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, July 28th. The auto manufacturer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.08. The firm earned $39.50 million during the quarter, compared to analyst estimates of $36.29 billion. Ford Motor had a return on equity of 30.49% and a net margin of 5.35%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. On average, analysts forecast that Ford Motor Co. will post $1.82 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. increased its position in shares of Ford Motor by 21.5% in the second quarter. 1832 Asset Management L.P. now owns 7,900 shares of the auto manufacturer’s stock worth $100,000 after buying an additional 1,400 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Ford Motor during the first quarter worth $104,000. Balentine LLC purchased a new position in shares of Ford Motor during the second quarter worth $109,000. Bellwether Investment Group LLC purchased a new position in shares of Ford Motor during the second quarter worth $109,000. Finally, Hudock Capital Group LLC increased its position in shares of Ford Motor by 14.9% in the second quarter. Hudock Capital Group LLC now owns 9,250 shares of the auto manufacturer’s stock worth $116,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 56.05% of the company’s stock.
Ford Motor Company Profile
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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