Ford Motor (NYSE:F) Stock Price Down 2.7% – Here’s Why

Ford Motor Company (NYSE:F)’s share price dropped 2.7% on Monday . The company traded as low as $13.57 and last traded at $13.63. Approximately 58,385,140 shares traded hands during trading, a decline of 16% from the average daily volume of 69,526,766 shares. The stock had previously closed at $14.01.

Analysts Set New Price Targets

F has been the topic of several research analyst reports. TD Cowen upped their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, January 13th. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 price objective on shares of Ford Motor in a research note on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. HSBC boosted their target price on shares of Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a report on Tuesday, January 13th. Finally, Citigroup boosted their price objective on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $13.02.

Ford Motor Trading Down 2.7%

The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. The firm has a 50-day moving average of $13.68 and a 200-day moving average of $12.78. The firm has a market capitalization of $54.31 billion, a P/E ratio of -6.62, a price-to-earnings-growth ratio of 0.34 and a beta of 1.66.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm had revenue of $45.89 billion during the quarter, compared to analyst estimates of $41.78 billion. During the same quarter in the prior year, the firm posted $0.39 earnings per share. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Friday, February 13th. Ford Motor’s payout ratio is currently -29.13%.

Insider Buying and Selling

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was acquired at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares in the company, valued at $54,072,132. This represents a 3.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.48% of the stock is owned by insiders.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Ford Motor by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after buying an additional 4,087,699 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after purchasing an additional 4,089,779 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Ford Motor by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the period. Norges Bank purchased a new stake in Ford Motor during the fourth quarter valued at $674,437,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Ford Motor by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock valued at $601,687,000 after acquiring an additional 125,534 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.