Ford Motor (NYSE:F) Stock Price Down 2.2% – Here’s What Happened

Ford Motor (NYSE:F)’s share price fell 2.2% during trading on Wednesday . The company traded as low as $9.47 and last traded at $9.48. 33,556,765 shares were traded during mid-day trading, a decline of 62% from the average session volume of 88,800,789 shares. The stock had previously closed at $9.69.

Wall Street Analyst Weigh In

Several research firms have issued reports on F. TD Cowen assumed coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 price target for the company. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Jefferies Financial Group lowered shares of Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. BNP Paribas raised shares of Ford Motor to a “hold” rating in a research note on Monday, February 10th. Finally, Bank of America lowered their target price on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.77.

Ford Motor Trading Down 0.6 %

The company has a 50-day moving average price of $9.72 and a two-hundred day moving average price of $10.36. The stock has a market cap of $38.19 billion, a P/E ratio of 6.60, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of F. Hager Investment Management Services LLC purchased a new position in Ford Motor in the 4th quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the fourth quarter worth about $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor during the 4th quarter worth about $30,000. Spurstone Advisory Services LLC purchased a new position in Ford Motor during the 4th quarter valued at about $31,000. Finally, Kentucky Trust Co bought a new stake in shares of Ford Motor in the 4th quarter valued at about $31,000. Hedge funds and other 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.