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

Ford Motor Company (NYSE:F)’s stock price was down 1.2% during mid-day trading on Wednesday . The company traded as low as $12.87 and last traded at $12.9450. 34,772,210 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 57,898,664 shares. The stock had previously closed at $13.10.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and raised their target price for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. The Goldman Sachs Group increased their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Royal Bank Of Canada lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. UBS Group boosted their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Monday. Eight 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 stock. According to data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The company has a fifty day moving average price of $14.09 and a 200 day moving average price of $13.51. The stock has a market cap of $51.62 billion, a P/E ratio of -6.92, a P/E/G ratio of 0.27 and a beta of 1.83.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. On average, equities analysts expect that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. BlackRock Inc. purchased a new position in shares of Ford Motor during the second quarter valued at approximately $4,649,131,000. State Street Corp lifted its stake in Ford Motor by 0.8% during the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after acquiring an additional 1,492,186 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after acquiring an additional 1,255,349 shares during the last quarter. Bank of America Corp DE boosted its holdings in Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after acquiring an additional 55,100,244 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Ford Motor in the 2nd quarter worth $717,218,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.