Ford Motor (NYSE:F) Stock Price Down 4.4% – Here’s What Happened

Ford Motor Company (NYSE:F)’s stock price dropped 4.4% during mid-day trading on Monday . The stock traded as low as $16.63 and last traded at $16.6690. Approximately 95,414,337 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 63,750,738 shares. The stock had previously closed at $17.44.

Wall Street Analyst Weigh In

F has been the subject of several recent analyst reports. TD Cowen decreased their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Wells Fargo & Company decreased their price target on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Bank of America increased their price target on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. The Goldman Sachs Group decreased their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Citigroup increased their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $14.20.

Ford Motor Price Performance

The company has a 50 day moving average of $12.72 and a two-hundred day moving average of $13.13. The firm has a market cap of $66.42 billion, a P/E ratio of -10.75, a PEG ratio of 0.38 and a beta of 1.79. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter last year, the business posted $0.14 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that Ford Motor Company will post 1.61 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be given a $0.15 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Foguth Wealth Management LLC. boosted its position in shares of Ford Motor by 42.7% in the 1st quarter. Foguth Wealth Management LLC. now owns 56,232 shares of the auto manufacturer’s stock valued at $649,000 after purchasing an additional 16,834 shares during the period. Maripau Wealth Management LLC boosted its position in shares of Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 749 shares during the period. Summit Financial Wealth Advisors LLC lifted its stake in Ford Motor by 7.4% in the 1st quarter. Summit Financial Wealth Advisors LLC now owns 11,727 shares of the auto manufacturer’s stock worth $135,000 after acquiring an additional 806 shares in the last quarter. Axiom Investment Management LLC purchased a new stake in Ford Motor in the 1st quarter worth about $157,000. Finally, Summitry LLC lifted its stake in Ford Motor by 84.1% in the 1st quarter. Summitry LLC now owns 25,977 shares of the auto manufacturer’s stock worth $300,000 after acquiring an additional 11,867 shares in the last quarter. Institutional investors and hedge funds 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.