Ford Motor (NYSE:F) Stock Price Down 1.4% – Here’s Why

Ford Motor (NYSE:F) shares were down 1.4% on Thursday . The company traded as low as $10.47 and last traded at $10.51. Approximately 18,980,357 shares changed hands during trading, a decline of 76% from the average daily volume of 79,417,645 shares. The stock had previously closed at $10.66.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on F shares. Barclays boosted their price target on shares of Ford Motor from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. TD Cowen initiated coverage on shares of Ford Motor in a research note on Friday, March 7th. They issued a “hold” rating and a $10.00 target price for the company. Wolfe Research raised shares of Ford Motor from an “underperform” rating to a “peer perform” rating in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average price target of $10.03.

Ford Motor Price Performance

The company’s fifty day moving average is $10.12 and its 200 day moving average is $9.98. The firm has a market cap of $41.50 billion, a price-to-earnings ratio of 7.15, a PEG ratio of 0.61 and a beta of 1.50. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor’s payout ratio is presently 48.00%.

Hedge Funds Weigh In On Ford Motor

Several large investors have recently modified their holdings of the stock. Atlas Capital Advisors Inc. raised its stake in Ford Motor by 21.2% in the first quarter. Atlas Capital Advisors Inc. now owns 5,665 shares of the auto manufacturer’s stock valued at $57,000 after purchasing an additional 989 shares in the last quarter. Kovack Advisors Inc. raised its stake in Ford Motor by 1.7% in the first quarter. Kovack Advisors Inc. now owns 62,199 shares of the auto manufacturer’s stock valued at $624,000 after purchasing an additional 1,035 shares in the last quarter. Partners Wealth Management LLC raised its stake in Ford Motor by 8.4% in the first quarter. Partners Wealth Management LLC now owns 13,903 shares of the auto manufacturer’s stock valued at $139,000 after purchasing an additional 1,082 shares in the last quarter. Advisors Capital Management LLC raised its stake in Ford Motor by 9.6% in the first quarter. Advisors Capital Management LLC now owns 12,543 shares of the auto manufacturer’s stock valued at $126,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in Ford Motor by 10.1% in the fourth quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer’s stock valued at $120,000 after purchasing an additional 1,112 shares in the last quarter. 58.74% of the stock is owned by institutional investors.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.