Ford Motor (NYSE:F) Stock Price Down 1.9%

Ford Motor (NYSE:F) dropped 1.9% during trading on Thursday . The stock traded as low as $12.69 and last traded at $12.70. Approximately 18,373,598 shares traded hands during trading, a decline of 66% from the average daily volume of 53,410,754 shares. The stock had previously closed at $12.95.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler assumed coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective on the stock. Barclays boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Citigroup boosted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. UBS Group boosted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Redburn Atlantic assumed coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $14.02.

Ford Motor Stock Performance

The firm has a market capitalization of $50.74 billion, a price-to-earnings ratio of 13.16, a P/E/G ratio of 1.01 and a beta of 1.63. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The stock has a 50-day moving average price of $12.62 and a 200 day moving average price of $11.79.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts forecast that Ford Motor will post 1.94 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the completion of the sale, the chief accounting officer now owns 7,102 shares in the company, valued at $88,988.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC lifted its stake in Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after buying an additional 44,581 shares during the last quarter. Pearl River Capital LLC lifted its stake in Ford Motor by 174.2% in the third quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after buying an additional 211,037 shares during the last quarter. TIAA Trust National Association purchased a new stake in Ford Motor in the third quarter valued at approximately $1,104,000. Mackenzie Financial Corp lifted its stake in Ford Motor by 110.5% in the third quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after buying an additional 367,977 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its stake in Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after buying an additional 258,920 shares during the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.