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

Ford Motor Company (NYSE:F) was down 2.6% on Tuesday . The stock traded as low as $13.48 and last traded at $13.4950. Approximately 45,141,979 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 57,932,574 shares. The stock had previously closed at $13.86.

Wall Street Analysts Forecast Growth

A number of analysts have commented on F shares. The Goldman Sachs Group boosted their price objective on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. BNP Paribas Exane upped their price target on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Barclays upped their target price on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Royal Bank Of Canada increased their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Finally, Bank of America boosted their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $15.68.

Ford Motor Trading Up 2.8%

The company has a market cap of $54.73 billion, a P/E ratio of -7.34, a price-to-earnings-growth ratio of 0.28 and a beta of 1.83. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm’s 50-day moving average price is $14.13 and its 200-day moving average price is $13.51.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $0.37 EPS. As a group, equities research analysts expect that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s payout ratio is presently -32.09%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in F. Norges Bank bought a new stake in shares of Ford Motor during the fourth quarter valued at approximately $674,437,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in Ford Motor during the fourth quarter worth approximately $1,769,000. TD Asset Management Inc raised its holdings in Ford Motor by 11.0% during the 4th quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock valued at $25,036,000 after buying an additional 189,310 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Ford Motor by 22.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after acquiring an additional 366,218 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in shares of Ford Motor during the second quarter valued at approximately $11,492,000. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.