Ford Motor (NYSE:F) Stock Price Up 1.2% – What’s Next?

by · The Cerbat Gem

Ford Motor Company (NYSE:F – Get Free Report)’s stock price was up 1.2% on Wednesday . The company traded as high as $13.31 and last traded at $13.2150. Approximately 41,468,709 shares were traded during trading, a decline of 32% from the average daily volume of 60,996,895 shares. The stock had previously closed at $13.06.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on F shares. TD Cowen lowered their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. UBS Group decreased their price target on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a research report on Friday, May 15th. Barclays raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Bank of America assumed coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.56.

View Our Latest Stock Report on F

Ford Motor Trading Up 1.2%

The firm has a market capitalization of $52.66 billion, a PE ratio of -8.53, a PEG ratio of 0.29 and a beta of 1.65. The company’s 50-day moving average price is $12.19 and its 200-day moving average price is $13.01. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. On average, sell-side analysts expect that Ford Motor Company will post 1.6 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Insider Activity

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the transaction, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently modified their holdings of the company. Caxton Associates LLP acquired a new stake in Ford Motor during the 1st quarter worth $304,000. Empowered Funds LLC raised its stake in Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after acquiring an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new stake in Ford Motor during the 2nd quarter worth $172,000. NewEdge Advisors LLC raised its stake in Ford Motor by 26.3% during the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock worth $2,907,000 after acquiring an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in Ford Motor by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock worth $19,786,000 after acquiring an additional 26,526 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

(Get Free Report)

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

See Also