Ford Motor (NYSE:F) Stock Price Up 1.3% – Here’s Why

Ford Motor Company (NYSE:F)’s share price shot up 1.3% on Wednesday . The company traded as high as $11.69 and last traded at $11.6850. 33,782,838 shares were traded during mid-day trading, a decline of 48% from the average session volume of 65,247,512 shares. The stock had previously closed at $11.54.

Analyst Upgrades and Downgrades

Several research firms have commented on F. Evercore boosted their price objective on Ford Motor from $12.00 to $14.00 and gave the stock an “in-line” rating in a research note on Monday, December 22nd. HSBC boosted their price target on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Wall Street Zen raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley lifted their target price on shares of Ford Motor from $11.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Finally, TD Cowen upped their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a report on Tuesday, January 13th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and an average price target of $13.22.

Ford Motor Stock Up 1.3%

The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $46.62 billion, a PE ratio of -5.67, a price-to-earnings-growth ratio of 0.26 and a beta of 1.65. The business has a 50-day moving average price of $13.03 and a 200-day moving average price of $12.93.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Friday, February 13th. Ford Motor’s payout ratio is currently -29.13%.

Insider Buying and Selling at Ford Motor

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.48% of the company’s stock.

Institutional Trading of Ford Motor

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ford Motor by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after acquiring an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ford Motor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after acquiring an additional 4,089,779 shares during the last quarter. Geode Capital Management LLC increased its stake in Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after acquiring an additional 1,255,349 shares during the last quarter. Norges Bank purchased a new stake in Ford Motor in the fourth quarter valued at $674,437,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock valued at $601,687,000 after purchasing an additional 125,534 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 (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.