Ford Motor (NYSE:F) Stock Price Up 2.6% – Here’s Why

Ford Motor Company (NYSE:F) rose 2.6% during trading on Tuesday . The stock traded as high as $15.55 and last traded at $15.32. Approximately 88,156,816 shares traded hands during trading, an increase of 42% from the average daily volume of 61,888,973 shares. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

F has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a research note on Wednesday, May 13th. Bank of America initiated coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They set a “buy” rating and a $17.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.56.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market cap of $61.05 billion, a price-to-earnings ratio of -9.88, a price-to-earnings-growth ratio of 0.33 and a beta of 1.65. The stock’s 50 day simple moving average is $12.35 and its 200-day simple moving average is $13.04.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the prior year, the business posted $0.14 EPS. Ford Motor’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Ford Motor Company will post 1.6 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 3.9%. Ford Motor’s dividend payout ratio is presently -38.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Summit Financial Wealth Advisors LLC increased its stake in shares of Ford Motor by 7.4% in the first 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 during the period. Axiom Investment Management LLC acquired a new stake in shares of Ford Motor in the first quarter worth $157,000. Summitry LLC increased its stake in shares of Ford Motor by 84.1% in the first quarter. Summitry LLC now owns 25,977 shares of the auto manufacturer’s stock worth $300,000 after acquiring an additional 11,867 shares during the period. WNY Asset Management LLC acquired a new stake in shares of Ford Motor in the first quarter worth $417,000. Finally, Vestor Capital LLC increased its stake in shares of Ford Motor by 78.4% in the first quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock worth $42,000 after acquiring an additional 1,603 shares during the period. 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.