James P. Hackett Sells 20,000 Shares of Ford Motor (NYSE:F) Stock

Ford Motor (NYSE:F) insider James P. Hackett sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $10.20, for a total value of $204,000.00. Following the transaction, the insider now directly owns 194,575 shares of the company’s stock, valued at $1,984,665. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of NYSE F opened at $10.14 on Wednesday. The firm has a market cap of $40.49 billion, a PE ratio of 7.80, a PEG ratio of 1.01 and a beta of 1.13. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 2.82. Ford Motor has a 52-week low of $7.41 and a 52-week high of $11.26. The firm has a 50-day moving average price of $9.94.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, April 25th. The auto manufacturer reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.18. The firm had revenue of $40.34 billion during the quarter, compared to analysts’ expectations of $37.37 billion. Ford Motor had a return on equity of 14.41% and a net margin of 1.94%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, research analysts forecast that Ford Motor will post 1.39 EPS for the current year.

F has been the subject of several analyst reports. Morgan Stanley set a $10.00 price objective on Ford Motor and gave the stock a “hold” rating in a research report on Friday, April 26th. Bank of America raised Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $14.00 in a research report on Friday, May 10th. Goldman Sachs Group set a $13.00 price objective on Ford Motor and gave the stock a “buy” rating in a research report on Thursday, June 13th. BMO Capital Markets upped their price objective on Ford Motor from $8.50 to $10.00 and gave the stock a “market perform” rating in a research report on Monday, May 6th. Finally, ValuEngine cut Ford Motor from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.70.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in Ford Motor by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 52,343,847 shares of the auto manufacturer’s stock valued at $399,887,000 after acquiring an additional 3,950,938 shares during the last quarter. Northern Trust Corp raised its stake in Ford Motor by 1.0% during the 1st quarter. Northern Trust Corp now owns 42,412,606 shares of the auto manufacturer’s stock valued at $372,382,000 after acquiring an additional 405,881 shares during the last quarter. Legal & General Group Plc raised its stake in Ford Motor by 5.7% during the 4th quarter. Legal & General Group Plc now owns 22,619,672 shares of the auto manufacturer’s stock valued at $173,065,000 after acquiring an additional 1,210,042 shares during the last quarter. Norges Bank purchased a new stake in Ford Motor during the 4th quarter valued at approximately $161,692,000. Finally, Swiss National Bank raised its stake in Ford Motor by 2.5% during the 1st quarter. Swiss National Bank now owns 12,389,335 shares of the auto manufacturer’s stock valued at $108,778,000 after acquiring an additional 299,100 shares during the last quarter. 52.36% of the stock is owned by hedge funds and other institutional investors.

About Ford Motor

Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

See Also: Balance Sheet

Insider Buying and Selling by Quarter for Ford Motor (NYSE:F)

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