Ford Motor (NYSE:F) Stock Falls 2.7% – Here’s What Happened

Ford Motor Company (NYSE:F) shares traded down 2.7% during trading on Thursday. The stock traded as low as $12.57 and last traded at $12.5950. 51,925,420 shares traded hands during trading, a decline of 10% from the average daily volume of 57,863,137 shares. The stock had previously closed at $12.94.

Wall Street Analyst Weigh In

Several brokerages have weighed in on F. Dbs Bank upgraded Ford Motor from a “hold” rating to a “moderate buy” rating in a report on Tuesday, August 11th. DZ Bank raised Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a research report on Friday, July 31st. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Royal Bank Of Canada lifted their price target on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.68.

Ford Motor Trading Up 0.8%

The firm has a market capitalization of $50.66 billion, a price-to-earnings ratio of -6.79, a PEG ratio of 0.26 and a beta of 1.83. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The company has a 50-day moving average price of $14.00 and a 200-day moving average price of $13.52.

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

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is -32.09%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in F. QRG Capital Management Inc. grew its position in Ford Motor by 7.4% in the 2nd quarter. QRG Capital Management Inc. now owns 110,023 shares of the auto manufacturer’s stock valued at $1,529,000 after buying an additional 7,587 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Ford Motor by 20.7% during the second quarter. Envestnet Asset Management Inc. now owns 670,152 shares of the auto manufacturer’s stock worth $9,315,000 after buying an additional 114,937 shares in the last quarter. Andra AP fonden grew its position in Ford Motor by 88.2% during the second quarter. Andra AP fonden now owns 504,055 shares of the auto manufacturer’s stock worth $7,006,000 after buying an additional 236,200 shares during the period. State Street Corp increased its holdings in Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after buying an additional 1,492,186 shares in the last quarter. Finally, Wellington Altus USA Inc. acquired a new stake in shares of Ford Motor during the 2nd quarter valued at approximately $125,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.