Ford Motor (NYSE:F) Trading Down 2.3% – What’s Next?

Ford Motor Company (NYSE:F) dropped 2.3% during trading on Thursday . The stock traded as low as $15.22 and last traded at $15.3550. Approximately 50,032,552 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 63,688,625 shares. The stock had previously closed at $15.71.

Analyst Ratings Changes

Several research firms recently weighed in on F. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Wells Fargo & Company decreased their target price 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. UBS Group dropped their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Citigroup raised their price target on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a research report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.20.

Ford Motor Trading Down 2.8%

The firm has a 50-day moving average of $13.12 and a 200 day moving average of $13.22. 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 price-to-earnings ratio of -9.62, a PEG ratio of 0.33 and a beta of 1.79.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Ford Motor Company will post 1.64 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business 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 was Tuesday, May 12th. Ford Motor’s dividend payout ratio is currently -38.71%.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. Caxton Associates LLP bought a new position in Ford Motor during the 1st quarter valued at $304,000. Empowered Funds LLC raised its stake in shares of Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Ford Motor in the second quarter valued at $172,000. NewEdge Advisors LLC lifted its holdings in shares of Ford Motor by 26.3% in the second 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 during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Ford Motor by 1.5% during the second 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 currently owned by institutional investors.

Ford Motor Company Profile

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.