Ford Motor (NYSE:F) Trading 1.1% Higher – Here’s Why

Shares of Ford Motor (NYSE:F) rose 1.1% during mid-day trading on Monday . The company traded as high as $10.45 and last traded at $10.38. Approximately 19,523,946 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 79,225,726 shares. The stock had previously closed at $10.26.

Analyst Upgrades and Downgrades

Several analysts have weighed in on F shares. BNP Paribas raised Ford Motor to a “hold” rating in a research report on Monday, February 10th. Wall Street Zen lowered Ford Motor from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Sanford C. Bernstein downgraded Ford Motor from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $9.40 to $7.00 in a report on Wednesday, April 9th. Barclays lifted their price target on shares of Ford Motor from $8.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Finally, UBS Group cut their price objective on shares of Ford Motor from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.03.

Ford Motor Trading Up 1.1%

The stock has a fifty day moving average of $10.01 and a 200-day moving average of $9.99. The company has a market cap of $41.26 billion, a PE ratio of 7.11, a PEG ratio of 0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last issued its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. Ford Motor’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a $0.15 dividend. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.78%. Ford Motor’s payout ratio is presently 48.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of F. Grove Bank & Trust raised its holdings in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,882 shares during the period. Elite Financial Inc. purchased a new stake in Ford Motor in the first quarter valued at $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor during the 1st quarter worth approximately $28,000. Bank of Jackson Hole Trust acquired a new stake in shares of Ford Motor in the fourth quarter valued at approximately $29,000. Finally, Flagship Wealth Advisors LLC purchased a new position in shares of Ford Motor during the fourth quarter worth approximately $30,000. Institutional investors own 58.74% of the company’s stock.

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.