Ford Motor (NYSE:F) Shares Down 0.4%

Ford Motor (NYSE:FGet Free Report)’s stock price dropped 0.4% during trading on Thursday . The stock traded as low as $11.65 and last traded at $11.73. Approximately 9,829,235 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 50,858,617 shares. The stock had previously closed at $11.78.

Wall Street Analyst Weigh In

A number of research firms have commented on F. UBS Group increased their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Royal Bank of Canada lifted their price target on Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective on the stock. Barclays lifted their target price on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler began coverage on Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.89.

Get Our Latest Stock Analysis on Ford Motor

Ford Motor Stock Performance

The company’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $12.17. The stock has a market cap of $46.91 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.76 and a beta of 1.61. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32.

Ford Motor (NYSE:FGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same quarter last year, the business posted $0.63 EPS. Ford Motor’s revenue was up 3.1% on a year-over-year basis. Analysts predict that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.11%. Ford Motor’s payout ratio is presently 61.86%.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the transaction, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Financial Synergies Wealth Advisors Inc. boosted its holdings in Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,938 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC raised its holdings in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after acquiring an additional 1,086 shares in the last quarter. Voisard Asset Management Group Inc. bought a new stake in shares of Ford Motor in the 4th quarter worth approximately $27,000. Finally, Bruce G. Allen Investments LLC grew its holdings in shares of Ford Motor by 71.4% during the 1st quarter. Bruce G. Allen Investments LLC now owns 2,395 shares of the auto manufacturer’s stock worth $32,000 after purchasing an additional 998 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

(Get Free Report)

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.

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