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

Ford Motor (NYSE:F) CEO James P. Hackett sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $8.92, for a total transaction of $178,400.00. Following the completion of the transaction, the chief executive officer now owns 165,184 shares of the company’s stock, valued at $1,473,441.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

James P. Hackett also recently made the following trade(s):

  • On Thursday, October 3rd, James P. Hackett sold 20,000 shares of Ford Motor stock. The shares were sold at an average price of $8.54, for a total value of $170,800.00.

Shares of NYSE:F opened at $8.93 on Friday. The stock’s 50-day moving average price is $8.93 and its 200-day moving average price is $9.39. Ford Motor has a 12-month low of $7.41 and a 12-month high of $10.56. The stock has a market capitalization of $35.41 billion, a P/E ratio of 6.87, a price-to-earnings-growth ratio of 1.01 and a beta of 1.09. The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 2.81.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, October 23rd. The auto manufacturer reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $33.93 billion during the quarter, compared to analyst estimates of $33.88 billion. Ford Motor had a return on equity of 15.53% and a net margin of 1.01%. Ford Motor’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. As a group, research analysts predict that Ford Motor will post 1.23 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, October 22nd were paid a $0.15 dividend. The ex-dividend date was Monday, October 21st. This represents a $0.60 dividend on an annualized basis and a yield of 6.72%. Ford Motor’s dividend payout ratio (DPR) is currently 46.15%.

Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC purchased a new stake in Ford Motor in the 3rd quarter worth approximately $25,000. Asset Dedication LLC increased its stake in shares of Ford Motor by 80.2% during the third quarter. Asset Dedication LLC now owns 3,166 shares of the auto manufacturer’s stock valued at $29,000 after buying an additional 1,409 shares during the period. Strategic Blueprint LLC bought a new position in shares of Ford Motor during the third quarter valued at approximately $30,000. Regal Wealth Group Inc. raised its holdings in shares of Ford Motor by 31.9% during the third quarter. Regal Wealth Group Inc. now owns 4,668 shares of the auto manufacturer’s stock valued at $36,000 after acquiring an additional 1,130 shares in the last quarter. Finally, Citizens Financial Group Inc RI lifted its stake in Ford Motor by 63.6% in the second quarter. Citizens Financial Group Inc RI now owns 3,601 shares of the auto manufacturer’s stock worth $37,000 after acquiring an additional 1,400 shares during the period. 53.51% of the stock is currently owned by institutional investors and hedge funds.

F has been the subject of several research analyst reports. Credit Suisse Group reaffirmed an “outperform” rating on shares of Ford Motor in a research note on Tuesday, November 19th. Morgan Stanley reiterated a “buy” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Thursday, October 31st. Buckingham Research decreased their price objective on Ford Motor from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, October 1st. Deutsche Bank cut Ford Motor from a “buy” rating to a “hold” rating and decreased their price objective for the company from $12.00 to $11.00 in a report on Thursday, October 24th. Finally, ValuEngine upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $10.69.

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.

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