Ford Motor (NYSE:F) Shares Up 0.9%

Ford Motor (NYSE:F)’s stock price shot up 0.9% during trading on Thursday . The stock traded as high as $12.17 and last traded at $12.15. 9,358,934 shares changed hands during trading, a decline of 82% from the average session volume of 52,821,285 shares. The stock had previously closed at $12.04.

Analysts Set New Price Targets

F has been the topic of a number of recent analyst reports. UBS Group lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research note on Wednesday, January 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price target on shares of Ford Motor in a research report on Wednesday, February 7th. Citigroup increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $13.82.

Ford Motor Stock Down 0.1 %

The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $47.80 billion, a P/E ratio of 11.15, a P/E/G ratio of 0.96 and a beta of 1.63. The stock’s 50 day simple moving average is $12.61 and its 200 day simple moving average is $11.76.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. As a group, research analysts predict that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were given a $0.33 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s payout ratio is currently 55.56%.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.80% of the company’s stock.

Institutional Trading of Ford Motor

Hedge funds have recently bought and sold shares of the company. Snider Financial Group raised its position in shares of Ford Motor by 100,345.2% during the 1st quarter. Snider Financial Group now owns 219,805,167 shares of the auto manufacturer’s stock worth $3,717,000 after buying an additional 219,586,336 shares in the last quarter. Norges Bank bought a new stake in shares of Ford Motor during the 4th quarter worth about $475,899,000. Moneta Group Investment Advisors LLC raised its position in shares of Ford Motor by 81,406.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,201,290 shares of the auto manufacturer’s stock worth $351,241,000 after buying an additional 30,164,236 shares in the last quarter. Coatue Management LLC bought a new stake in shares of Ford Motor during the 4th quarter worth about $149,152,000. Finally, Newport Trust Company LLC raised its position in shares of Ford Motor by 4.5% during the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after buying an additional 6,667,808 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

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.