Ford Motor Company (NYSE:F) Insider Andrew Frick Sells 30,000 Shares

Ford Motor Company (NYSE:F - Get Free Report) insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following the sale, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Ford Motor Stock Performance

Ford Motor stock traded up $0.03 during midday trading on Thursday, hitting $11.80. The stock had a trading volume of 60,311,463 shares, compared to its average volume of 82,517,106. The firm's fifty day moving average is $10.46 and its two-hundred day moving average is $9.98. Ford Motor Company has a 52-week low of $8.44 and a 52-week high of $14.85. The company has a market capitalization of $46.90 billion, a PE ratio of 9.44, a P/E/G ratio of 0.97 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The firm had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The business's revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. On average, research analysts forecast that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's dividend payout ratio is currently 48.00%.

Hedge Funds Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the stock. Tounjian Advisory Partners LLC purchased a new position in Ford Motor during the 1st quarter worth approximately $974,000. APG Asset Management N.V. purchased a new stake in Ford Motor in the fourth quarter valued at $20,408,000. Abundance Wealth Counselors grew its position in Ford Motor by 32.6% during the 1st quarter. Abundance Wealth Counselors now owns 157,919 shares of the auto manufacturer's stock worth $1,594,000 after purchasing an additional 38,794 shares during the period. Inscription Capital LLC purchased a new position in shares of Ford Motor during the 1st quarter valued at about $251,000. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of Ford Motor by 7.3% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,592,082 shares of the auto manufacturer's stock valued at $15,969,000 after buying an additional 108,007 shares during the period. Institutional investors and hedge funds own 58.74% of the company's stock.

Wall Street Analysts Forecast Growth

F has been the subject of several analyst reports. UBS Group dropped their price target on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Citigroup increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a research report on Saturday, June 14th. TD Cowen assumed coverage on Ford Motor in a research report on Friday, March 7th. They issued a "hold" rating and a $10.00 price objective on the stock. Finally, Piper Sandler boosted their target price on Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.03.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company 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.

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