Ford Motor (NYSE:F) Shares Down 1.2% – Here’s Why
by Teresa Graham · The Cerbat GemFord Motor Company (NYSE:F – Get Free Report)’s stock price traded down 1.2% during mid-day trading on Monday . The company traded as low as $13.96 and last traded at $14.0280. 53,340,096 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 72,522,867 shares. The stock had previously closed at $14.20.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on F shares. The Goldman Sachs Group boosted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, September 29th. JPMorgan Chase & Co. boosted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Barclays increased their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ford Motor in a report on Monday, December 22nd. Finally, Morgan Stanley increased their price objective on Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, December 8th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.54.
Read Our Latest Research Report on F
Ford Motor Trading Down 1.2%
The company has a market cap of $55.89 billion, a P/E ratio of 12.09 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm’s 50-day moving average price is $13.29 and its 200-day moving average price is $12.28.
Ford Motor (NYSE:F – Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. The business had revenue of $50.53 billion during the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. Ford Motor’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. As a group, equities research analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.
Ford Motor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio is 51.72%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Grove Bank & Trust increased its position in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after buying an additional 1,000 shares during the period. Corsicana & Co. purchased a new position in Ford Motor during the third quarter valued at approximately $25,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Ford Motor during the 4th quarter worth approximately $29,000. Trust Co. of Toledo NA OH purchased a new stake in Ford Motor in the 2nd quarter worth approximately $25,000. Finally, Salomon & Ludwin LLC boosted its holdings in Ford Motor by 86.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 1,083 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.
About Ford Motor
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.