Ford Motor (NYSE:F) Shares Down 2.4% – Here’s What Happened

Shares of Ford Motor (NYSE:F) traded down 2.4% on Monday . The company traded as low as $9.41 and last traded at $9.40. 18,816,561 shares traded hands during trading, a decline of 83% from the average session volume of 111,722,172 shares. The stock had previously closed at $9.63.

Analysts Set New Price Targets

A number of research analysts have issued reports on F shares. Sanford C. Bernstein lowered shares of Ford Motor from a “market perform” rating to an “underperform” rating and cut their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Bank of America cut their price objective on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their price target on shares of Ford Motor from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, March 27th. Piper Sandler decreased their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday, March 20th. Finally, TD Cowen assumed coverage on shares of Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.30.

Ford Motor Stock Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The stock’s fifty day simple moving average is $9.60 and its 200-day simple moving average is $10.13.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Analysts predict that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.38%. Ford Motor’s dividend payout ratio is presently 41.10%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock worth $3,980,630,000 after acquiring an additional 57,182,803 shares during the period. Norges Bank purchased a new stake in Ford Motor in the 4th quarter valued at approximately $387,282,000. Jacobs Levy Equity Management Inc. raised its stake in shares of Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock worth $222,872,000 after buying an additional 10,535,335 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in shares of Ford Motor by 2,905.1% in the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock valued at $79,096,000 after buying an additional 7,723,601 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after acquiring an additional 6,497,321 shares during the period. 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.