Ford Motor (NYSE:F) Trading Down 2.8% – What’s Next?

Ford Motor Company (NYSE:F)’s stock price dropped 2.8% during mid-day trading on Friday . The stock traded as low as $14.68 and last traded at $14.9050. Approximately 60,624,349 shares were traded during trading, a decline of 5% from the average daily volume of 63,644,668 shares. The stock had previously closed at $15.34.

Analyst Ratings Changes

F has been the subject of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. The Goldman Sachs Group lowered their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. UBS Group lowered their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. TD Cowen lowered their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research report on Friday, May 1st. Finally, Wells Fargo & Company lowered their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $14.20.

Ford Motor Stock Performance

The company has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $13.21. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $59.39 billion, a P/E ratio of -9.62, a price-to-earnings-growth ratio of 0.34 and a beta of 1.79.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $42.66 billion. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s payout ratio is presently -38.71%.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in F. Caxton Associates LLP bought a new stake in Ford Motor in the 1st quarter valued at about $304,000. Empowered Funds LLC increased its position in Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new stake in Ford Motor in the 2nd quarter valued at about $172,000. NewEdge Advisors LLC increased its position in Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after buying an additional 26,526 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

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.