Ford Motor (NYSE:F) Trading Down 1.1% – Here’s Why

Ford Motor Company (NYSE:F)’s stock price dropped 1.1% during mid-day trading on Wednesday . The stock traded as low as $13.79 and last traded at $13.83. Approximately 38,065,526 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 60,212,180 shares. The stock had previously closed at $13.98.

Analyst Upgrades and Downgrades

A number of research firms recently commented on F. Piper Sandler upped their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wells Fargo & Company boosted their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Trading Down 1.1%

The company has a fifty day simple moving average of $14.26 and a two-hundred day simple moving average of $13.49. 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 stock has a market capitalization of $55.15 billion, a P/E ratio of -7.40, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

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

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is -32.09%.

Institutional Investors Weigh In On Ford Motor

Several large investors have recently made changes to their positions in F. Vanguard Group Inc. boosted its stake in Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares during the period. BlackRock Inc. acquired a new stake in shares of Ford Motor in the 2nd quarter valued at about $4,649,131,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ford Motor by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock valued at $1,994,464,000 after purchasing an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after buying an additional 1,255,349 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Ford Motor during the second quarter worth about $717,218,000. Institutional investors own 58.74% of the company’s stock.

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.