Ford Motor (NYSE:F) Trading Down 3.8% – Here’s What Happened

Ford Motor (NYSE:F) shares traded down 3.8% on Tuesday . The stock traded as low as $9.59 and last traded at $9.58. 61,299,434 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 86,715,164 shares. The stock had previously closed at $9.96.

Analysts Set New Price Targets

F has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Royal Bank of Canada dropped their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Finally, Evercore ISI cut their price target on Ford Motor from $11.00 to $10.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.77.

Ford Motor Stock Down 2.6 %

The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The business has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $10.37. The stock has a market capitalization of $38.47 billion, a P/E ratio of 6.65, a PEG ratio of 0.61 and a beta of 1.59.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Equities research analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.18%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s payout ratio is 41.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of F. Principal Financial Group Inc. boosted its stake in Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares in the last quarter. Portside Wealth Group LLC raised its holdings in shares of Ford Motor by 19.8% in the third quarter. Portside Wealth Group LLC now owns 13,161 shares of the auto manufacturer’s stock valued at $139,000 after buying an additional 2,172 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Ford Motor during the 3rd quarter worth about $224,000. Atria Investments Inc grew its holdings in Ford Motor by 1.4% during the 3rd quarter. Atria Investments Inc now owns 308,901 shares of the auto manufacturer’s stock worth $3,262,000 after acquiring an additional 4,377 shares during the last quarter. Finally, Covestor Ltd increased its position in Ford Motor by 17.5% in the 3rd quarter. Covestor Ltd now owns 17,120 shares of the auto manufacturer’s stock valued at $181,000 after acquiring an additional 2,550 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.