Ford Motor (NYSE:F) Trading Down 1.2% – What’s Next?

Ford Motor Company (NYSE:F)’s share price was down 1.2% during mid-day trading on Monday . The company traded as low as $13.96 and last traded at $14.0280. Approximately 53,340,096 shares were traded during trading, a decline of 26% from the average daily volume of 72,522,867 shares. The stock had previously closed at $14.20.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on F. The Goldman Sachs Group lifted their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, December 27th. Barclays upped their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Wells Fargo & Company boosted their target price on Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $12.54.

Ford Motor Trading Down 1.2%

The company has a quick ratio of 0.98, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The company has a market capitalization of $55.89 billion, a P/E ratio of 12.09 and a beta of 1.62. The firm’s 50-day moving average price is $13.29 and its 200 day moving average price is $12.28.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 7th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s dividend payout ratio (DPR) is 51.72%.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Ford Motor in the 2nd quarter worth about $405,328,000. DLD Asset Management LP purchased a new position in shares of Ford Motor in the 3rd quarter worth approximately $299,000,000. Marshall Wace LLP boosted its stake in shares of Ford Motor by 712.7% in the 2nd quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer’s stock worth $212,361,000 after buying an additional 17,164,234 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 17.9% in the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer’s stock valued at $1,122,434,000 after acquiring an additional 15,748,694 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ford Motor by 32.7% during the second quarter. Bank of New York Mellon Corp now owns 29,342,420 shares of the auto manufacturer’s stock valued at $318,365,000 after acquiring an additional 7,238,424 shares during the last quarter. Hedge funds and other 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.