Ford Motor (NYSE:F) Trading Down 1.7% – Time to Sell?

Ford Motor Company (NYSE:F)’s share price was down 1.7% during trading on Tuesday . The company traded as low as $12.75 and last traded at $12.7850. Approximately 70,236,779 shares were traded during trading, a decline of 28% from the average daily volume of 98,017,578 shares. The stock had previously closed at $13.01.

Wall Street Analyst Weigh In

F has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Ford Motor in a research report on Tuesday, October 14th. Piper Sandler upped their price objective on Ford Motor from $9.50 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. The Goldman Sachs Group increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Monday, September 29th. Finally, UBS Group lifted their price objective on shares of Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.73.

Ford Motor Stock Down 1.7%

The company’s 50-day simple moving average is $12.04 and its 200 day simple moving average is $11.24. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The firm has a market cap of $50.94 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 4.03 and a beta of 1.53.

Ford Motor (NYSE:F) last announced its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion during the quarter, compared to analysts’ expectations of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 EPS. Research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, November 7th. Ford Motor’s dividend payout ratio is 51.72%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently made changes to their positions in the company. Corsicana & Co. purchased a new stake in Ford Motor in the third quarter valued at about $25,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Ford Motor in the 2nd quarter valued at $25,000. Salomon & Ludwin LLC boosted its holdings in Ford Motor by 86.6% in the third quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 1,083 shares during the last quarter. Capital A Wealth Management LLC raised its position in Ford Motor by 990.9% during the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Country Trust Bank acquired a new stake in shares of Ford Motor during the 2nd quarter worth approximately $27,000. 58.74% of the stock is currently owned by hedge funds and other 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.