Ford Motor (NYSE:F) Trading Down 3% – Here’s What Happened

Ford Motor Company (NYSE:F)’s stock price fell 3% during mid-day trading on Wednesday . The company traded as low as $13.93 and last traded at $13.9820. 42,779,295 shares were traded during trading, a decline of 31% from the average session volume of 62,434,195 shares. The stock had previously closed at $14.41.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on F. Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective on shares of Ford Motor in a report on Wednesday, May 13th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Citigroup lifted their price target on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. The Goldman Sachs Group lifted their price target on shares of Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Finally, Bank of America lifted their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $14.63.

Ford Motor Trading Down 3.0%

The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The business’s 50-day moving average price is $13.57 and its two-hundred day moving average price is $13.31. The company has a market capitalization of $55.71 billion, a price-to-earnings ratio of -9.02, a P/E/G ratio of 0.32 and a beta of 1.79.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period in the previous year, the business earned $0.14 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts predict that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Ford Motor by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after purchasing an additional 4,087,699 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ford Motor by 2.8% during 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 raised its position in 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 valued at $1,394,697,000 after purchasing an additional 1,255,349 shares in the last quarter. Norges Bank acquired a new position in Ford Motor during the fourth quarter valued at approximately $674,437,000. Finally, Dimensional Fund Advisors LP raised its position in Ford Motor by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after purchasing an additional 1,585,557 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

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.