Ford Motor (NYSE:F) Trading 2.6% Higher

Ford Motor (NYSE:F)’s share price rose 2.6% during mid-day trading on Thursday . The company traded as high as $10.50 and last traded at $10.44. Approximately 11,652,655 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 54,914,926 shares. The stock had previously closed at $10.18.

Wall Street Analysts Forecast Growth

F has been the subject of a number of analyst reports. Sanford C. Bernstein began coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price objective for the company. Barclays decreased their price objective on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. The Goldman Sachs Group decreased their price target on Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 25th. Finally, UBS Group upped their price target on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.48.

Ford Motor Trading Up 2.7 %

The stock’s fifty day simple moving average is $12.09 and its 200 day simple moving average is $12.31. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $41.74 billion, a PE ratio of 10.76, a PEG ratio of 0.75 and a beta of 1.62.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. Ford Motor’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 earnings per share. On average, sell-side analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Wednesday, August 7th. Ford Motor’s dividend payout ratio is currently 61.86%.

Insider Activity

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the sale, the director now directly owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Institutional investors and hedge funds have recently modified their holdings of the stock. Pinnacle Associates Ltd. raised its stake in Ford Motor by 2.6% in the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after buying an additional 817 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Ford Motor by 29.8% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after purchasing an additional 828 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in Ford Motor by 1.7% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock worth $650,000 after purchasing an additional 836 shares in the last quarter. Insight Wealth Partners LLC grew its position in Ford Motor by 1.9% during the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock worth $554,000 after purchasing an additional 843 shares during the last quarter. Finally, Pallas Capital Advisors LLC increased its stake in Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after purchasing an additional 846 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

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.