Investors Purchase Large Volume of Ford Motor Call Options (F)
Ford Motor Company (NYSE:F) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 43,401 call options on the stock. This represents an increase of approximately 178% compared to the average daily volume of 15,614 call options.
Several brokerages have recently commented on F. BidaskClub cut shares of Ford Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Nomura reiterated a “neutral” rating and set a $11.60 price target (down previously from $14.00) on shares of Ford Motor in a research report on Friday, August 4th. Instinet cut shares of Ford Motor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $14.80 to $11.60 in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “neutral” rating on shares of Ford Motor in a research report on Monday, August 7th. Finally, Berenberg Bank set a $10.00 price target on shares of Ford Motor and gave the stock a “sell” rating in a research report on Monday, June 12th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.46.
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 analysts’ consensus estimates of $0.43 by $0.13. The firm had revenue of $36.93 billion for the quarter, compared to analysts’ expectations of $37.22 billion. Ford Motor had a return on equity of 19.69% and a net margin of 2.52%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, July 24th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Thursday, July 20th. Ford Motor’s payout ratio is 63.16%.
In other Ford Motor news, insider Hau N. Thai-Tang sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $11.50, for a total value of $287,500.00. Following the completion of the sale, the insider now owns 76,358 shares in the company, valued at approximately $878,117. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John T. Lawler sold 80,624 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $11.00, for a total transaction of $886,864.00. Following the completion of the sale, the vice president now owns 10 shares of the company’s stock, valued at approximately $110. The disclosure for this sale can be found here. Insiders sold a total of 170,624 shares of company stock valued at $1,912,964 in the last 90 days. Corporate insiders own 1.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Bridgewater Associates LP bought a new position in shares of Ford Motor during the 1st quarter worth approximately $2,342,000. Mathes Company Inc. bought a new position in shares of Ford Motor in the 2nd quarter worth $571,000. Advisor Partners LLC lifted its holdings in shares of Ford Motor by 6.3% in the 1st quarter. Advisor Partners LLC now owns 31,086 shares of the auto manufacturer’s stock worth $362,000 after purchasing an additional 1,840 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Ford Motor in the 1st quarter worth $122,000. Finally, AE Wealth Management LLC lifted its holdings in shares of Ford Motor by 37.5% in the 1st quarter. AE Wealth Management LLC now owns 170,943 shares of the auto manufacturer’s stock worth $1,990,000 after purchasing an additional 46,598 shares in the last quarter. Hedge funds and other institutional investors own 54.35% of the company’s stock.
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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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