Ford Motor (NYSE:F) Stock Price Down 2.2% – Time to Sell?

Ford Motor Company (NYSE:F) was down 2.2% during mid-day trading on Monday . The company traded as low as $12.01 and last traded at $12.0450. Approximately 48,701,578 shares were traded during trading, a decline of 16% from the average daily volume of 57,856,582 shares. The stock had previously closed at $12.32.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays upped their price objective on Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Bank of America began coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price target on the stock. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. Finally, Citigroup cut their target price on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $13.56.

Ford Motor Stock Performance

The firm has a market capitalization of $48.00 billion, a PE ratio of -7.77, a P/E/G ratio of 0.28 and a beta of 1.65. 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 firm has a fifty day moving average price of $12.24 and a 200 day moving average price of $13.00.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.Ford Motor’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Research analysts anticipate that Ford Motor Company will post 1.57 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. Ford Motor’s payout ratio is currently -38.71%.

Insider Activity at Ford Motor

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the purchase, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This trade represents a 3.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of F. Oslo Pensjonsforsikring AS purchased a new stake in Ford Motor in the 1st quarter worth about $185,000. Baader Bank Aktiengesellschaft increased its holdings in shares of Ford Motor by 138.5% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 93,938 shares of the auto manufacturer’s stock valued at $1,079,000 after purchasing an additional 54,552 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Ford Motor in the 1st quarter valued at about $67,000. Convergence Investment Partners LLC lifted its position in shares of Ford Motor by 38.2% in the first quarter. Convergence Investment Partners LLC now owns 143,191 shares of the auto manufacturer’s stock worth $1,652,000 after purchasing an additional 39,579 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.