Ford Motor (NYSE:F) Shares Down 1.2% – Here’s What Happened

Shares of Ford Motor Company (NYSE:F) fell 1.2% during mid-day trading on Wednesday . The stock traded as low as $12.58 and last traded at $12.6230. 23,905,339 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 59,806,211 shares. The stock had previously closed at $12.78.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on F. TD Cowen dropped their target price on shares of Ford Motor from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Wednesday, April 15th. Wells Fargo & Company dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings restated a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Wall Street Zen cut shares of Ford Motor from a “hold” rating to a “sell” rating in a report on Sunday, April 5th. Finally, Barclays raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.66.

Ford Motor Stock Down 0.7%

The company’s 50 day moving average price is $12.52 and its two-hundred day moving average price is $12.96. The firm has a market cap of $49.42 billion, a PE ratio of -6.01, a PEG ratio of 0.29 and a beta of 1.70. The company has a current ratio of 1.07, a quick ratio of 0.94 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. The business had revenue of $45.89 billion for the quarter, compared to analysts’ expectations of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. On average, equities research analysts expect that Ford Motor Company will post 1.5 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Friday, February 13th. Ford Motor’s dividend payout ratio (DPR) is currently -29.13%.

Insider Buying and Selling at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. purchased 140,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were acquired at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the purchase, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. The trade was a 3.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its position in shares of Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after purchasing an additional 756 shares during the period. Robertson Stephens Wealth Management LLC raised its position in shares of Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after purchasing an additional 761 shares during the period. CRA Financial Services LLC raised its position in shares of Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after purchasing an additional 775 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in shares of Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after purchasing an additional 776 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its position in shares of Ford Motor by 7.2% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after purchasing an additional 784 shares during the period. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

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.