Ford Motor (NYSE:F) Stock Price Down 3.2% – What’s Next?

Ford Motor Company (NYSE:F) dropped 3.2% on Tuesday . The stock traded as low as $16.63 and last traded at $16.1410. Approximately 97,471,183 shares changed hands during trading, an increase of 22% from the average daily volume of 79,678,736 shares. The stock had previously closed at $16.6690.

Analysts Set New Price Targets

F has been the topic of several research analyst reports. Wall Street Zen lowered Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. TD Cowen cut their target price on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, May 1st. The Goldman Sachs Group cut their target price on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company cut their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Zacks Research lowered Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. Five equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $14.20.

Ford Motor Stock Performance

The company has a market cap of $62.74 billion, a price-to-earnings ratio of -10.16, a price-to-earnings-growth ratio of 0.35 and a beta of 1.79. The firm has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $13.19. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, sell-side analysts predict that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 3.8%. Ford Motor’s payout ratio is -38.71%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in F. Grove Bank & Trust increased its position in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,000 shares during the period. MV Capital Management Inc. acquired a new position in Ford Motor during the fourth quarter worth approximately $25,000. Olistico Wealth LLC acquired a new position in shares of Ford Motor in the fourth quarter valued at approximately $26,000. McMillan Office Inc. acquired a new position in shares of Ford Motor in the fourth quarter valued at approximately $26,000. Finally, Legacy Wealth Managment LLC ID increased its holdings in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

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.