Ford Motor (NYSE:F) Trading Down 3.1% – What’s Next?

Shares of Ford Motor Company (NYSE:F) traded down 3.1% during mid-day trading on Friday . The company traded as low as $11.65 and last traded at $11.6650. 48,423,212 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 69,312,891 shares. The stock had previously closed at $12.04.

Analysts Set New Price Targets

Several research firms recently commented on F. Bank of America started coverage on Ford Motor in a research report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price target on the stock. Piper Sandler raised shares of Ford Motor from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $11.00 to $16.00 in a research report on Thursday, January 8th. Zacks Research raised shares of Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus price target of $13.29.

Ford Motor Price Performance

The business has a fifty day moving average of $13.59 and a 200 day moving average of $12.92. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94. The stock has a market cap of $46.54 billion, a PE ratio of -5.66, a P/E/G ratio of 0.28 and a beta of 1.65.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.Ford Motor’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Sell-side analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 5.1%. Ford Motor’s dividend payout ratio is currently -29.13%.

Insider Buying and Selling

In related news, insider William Clay Ford, Jr. acquired 140,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the acquisition, the insider directly owned 3,912,600 shares in the company, valued at approximately $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors have recently modified their holdings of F. Caxton Associates LLP acquired a new stake in Ford Motor during the first quarter valued at approximately $304,000. Empowered Funds LLC grew its position in shares of Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock worth $1,482,000 after acquiring an additional 43,385 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Ford Motor by 3.0% in the 2nd quarter. Savant Capital LLC now owns 99,621 shares of the auto manufacturer’s stock valued at $1,081,000 after acquiring an additional 2,857 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Ford Motor by 86.9% in the 2nd quarter. Acadian Asset Management LLC now owns 329,305 shares of the auto manufacturer’s stock valued at $3,569,000 after acquiring an additional 153,128 shares during the last quarter. Finally, Midwest Trust Co acquired a new stake in shares of Ford Motor during the 2nd quarter valued at approximately $421,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.