Ford Motor (NYSE:F) Stock Price Down 2.3% – What’s Next?

Ford Motor Company (NYSE:F)’s share price dropped 2.3% during mid-day trading on Friday . The stock traded as low as $11.29 and last traded at $11.3370. Approximately 32,991,807 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 66,638,227 shares. The stock had previously closed at $11.60.

Analyst Ratings Changes

A number of brokerages have recently commented on F. Bank of America started coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price on the stock. HSBC increased their price target on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a report on Tuesday, January 13th. UBS Group raised their price objective on Ford Motor from $12.50 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.29.

Ford Motor Trading Down 2.3%

The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of -5.50, a PEG ratio of 0.26 and a beta of 1.65. The business’s 50-day moving average price is $13.12 and its 200 day moving average price is $12.93. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business had revenue of $45.89 billion during the quarter, compared to analyst estimates of $41.78 billion. During the same period last year, the business earned $0.39 EPS. The business’s revenue was down 4.8% on a year-over-year basis. On average, equities analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.3%. Ford Motor’s dividend payout ratio (DPR) is currently -29.13%.

Insider Activity

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the purchase, the insider owned 3,912,600 shares in the company, valued at $54,072,132. The trade was a 3.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the business. Parkside Financial Bank & Trust raised its position in shares of Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC grew its position in shares of Ford Motor by 1.8% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 761 shares in the last quarter. CRA Financial Services LLC increased its stake in shares of Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after buying an additional 775 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after buying an additional 776 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its holdings in Ford Motor by 7.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after acquiring an additional 784 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.