Ford Motor (NYSE:F) PT Raised to $14.00 at Morgan Stanley

Ford Motor (NYSE:FGet Rating) had its price objective increased by Morgan Stanley from $13.00 to $14.00 in a report released on Tuesday, MarketBeat reports. They currently have an equal weight rating on the auto manufacturer’s stock.

A number of other analysts have also commented on F. Wells Fargo & Company reduced their target price on Ford Motor from $12.00 to $10.00 and set an underweight rating for the company in a report on Monday, July 11th. The Goldman Sachs Group cut their price objective on Ford Motor from $18.00 to $14.00 and set a neutral rating for the company in a report on Wednesday, June 1st. Citigroup cut their price objective on Ford Motor from $16.00 to $15.00 and set a neutral rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut their price objective on Ford Motor from $22.00 to $21.00 in a report on Monday, April 25th. Finally, Benchmark cut their price objective on Ford Motor from $29.00 to $25.00 in a report on Monday, May 2nd. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has a consensus rating of Hold and an average target price of $17.74.

Ford Motor Stock Down 0.5 %

Ford Motor stock opened at $15.30 on Tuesday. The firm has a market cap of $61.50 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 0.85 and a beta of 1.33. The stock has a fifty day simple moving average of $12.62 and a two-hundred day simple moving average of $15.07. Ford Motor has a 12 month low of $10.61 and a 12 month high of $25.87. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 1.92.

Ford Motor (NYSE:FGet Rating) last posted its earnings results on Wednesday, July 27th. The auto manufacturer reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.24. The business had revenue of $37.91 billion during the quarter, compared to analyst estimates of $35.17 billion. Ford Motor had a return on equity of 16.91% and a net margin of 7.86%. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Equities analysts predict that Ford Motor will post 2.03 EPS for the current fiscal year.

Ford Motor Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.92%. This is an increase from Ford Motor’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, August 10th. Ford Motor’s payout ratio is presently 13.99%.

Insider Activity

In related news, insider Ashwani Kumar Galhotra sold 25,892 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total value of $321,319.72. Following the sale, the insider now directly owns 511,605 shares in the company, valued at $6,349,018.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Motor Co Ford sold 8,000,000 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $26.80, for a total value of $214,400,000.00. Following the sale, the insider now directly owns 93,947,494 shares in the company, valued at $2,517,792,839.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ashwani Kumar Galhotra sold 25,892 shares of the business’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $12.41, for a total value of $321,319.72. Following the completion of the sale, the insider now owns 511,605 shares in the company, valued at $6,349,018.05. The disclosure for this sale can be found here. Insiders have sold 15,025,892 shares of company stock worth $402,881,320 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently made changes to their positions in the company. TFG Advisers LLC grew its position in Ford Motor by 3.2% during the 4th quarter. TFG Advisers LLC now owns 17,784 shares of the auto manufacturer’s stock worth $369,000 after purchasing an additional 549 shares during the period. Northeast Financial Consultants Inc grew its position in Ford Motor by 1.4% during the 4th quarter. Northeast Financial Consultants Inc now owns 41,529 shares of the auto manufacturer’s stock worth $863,000 after purchasing an additional 581 shares during the period. Wade G W & Inc. grew its position in Ford Motor by 3.4% during the 4th quarter. Wade G W & Inc. now owns 17,890 shares of the auto manufacturer’s stock worth $372,000 after purchasing an additional 587 shares during the period. EverSource Wealth Advisors LLC grew its position in Ford Motor by 14.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,312 shares of the auto manufacturer’s stock worth $59,000 after purchasing an additional 659 shares during the period. Finally, Waterfront Wealth Inc. grew its position in shares of Ford Motor by 4.8% during the 4th quarter. Waterfront Wealth Inc. now owns 14,481 shares of the auto manufacturer’s stock valued at $301,000 after acquiring an additional 663 shares during the period. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

About Ford Motor

(Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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