Ford Motor (NYSE:F) Trading Down 2.4% – Here’s What Happened

Ford Motor Company (NYSE:F) shares fell 2.4% on Tuesday . The stock traded as low as $13.23 and last traded at $13.2750. 66,860,915 shares were traded during mid-day trading, a decline of 0% from the average session volume of 66,982,602 shares. The stock had previously closed at $13.60.

Analyst Ratings Changes

A number of brokerages recently issued reports on F. Zacks Research upgraded Ford Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Barclays lifted their target price on Ford Motor from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. UBS Group raised their target price on shares of Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. The Goldman Sachs Group raised their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.05.

Ford Motor Trading Down 2.4%

The firm has a market cap of $52.89 billion, a PE ratio of 11.44 and a beta of 1.62. The company’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $12.37. The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a net margin of 2.48% and a return on equity of 11.94%. The company had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, November 7th. Ford Motor’s payout ratio is currently 51.72%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. Grove Bank & Trust increased its stake in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the period. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the 4th quarter valued at $26,000. Corsicana & Co. bought a new stake in shares of Ford Motor during the 3rd quarter worth $25,000. Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Ford Motor in the 4th quarter worth $29,000. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Ford Motor in the 2nd quarter valued at $25,000. 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.