Ford Motor (NYSE:F) Stock Price Down 3.2% – Should You Sell?

Ford Motor Company (NYSE:F)’s share price dropped 3.2% on Tuesday . The stock traded as low as $16.63 and last traded at $16.1410. Approximately 97,471,183 shares changed hands during trading, an increase of 22% from the average daily volume of 79,678,736 shares. The stock had previously closed at $16.6690.

Wall Street Analysts Forecast Growth

F has been the topic of several recent analyst reports. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Royal Bank Of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of Ford Motor in a research note on Friday, May 15th. UBS Group lowered their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Citigroup boosted their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.20.

Ford Motor Stock Down 2.9%

The firm has a market cap of $64.32 billion, a P/E ratio of -10.41, a P/E/G ratio of 0.38 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The firm’s fifty day moving average is $12.82 and its 200 day moving average is $13.16.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The business had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts anticipate that Ford Motor Company will post 1.61 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. Ford Motor’s payout ratio is currently -38.71%.

Institutional Trading of Ford Motor

A number of institutional investors have recently bought and sold shares of the business. Grove Bank & Trust lifted its holdings in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares during the period. MV Capital Management Inc. bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $25,000. Olistico Wealth LLC bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. McMillan Office Inc. bought a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. Finally, Legacy Wealth Managment LLC ID lifted its holdings in shares of Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 1,230 shares during the period. Institutional investors 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.