Ford Motor (NYSE:F) Stock Falls 2.7% – Should You Sell?

Ford Motor Company (NYSE:F) traded down 2.7% during trading on Thursday. The stock traded as low as $12.57 and last traded at $12.5950. Approximately 51,925,420 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 57,863,137 shares. The stock had previously closed at $12.94.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Piper Sandler raised their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. Wells Fargo & Company increased their price target on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 25th. Finally, UBS Group boosted their price objective on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Monday, June 8th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Stock Down 2.7%

The company has a fifty day moving average price of $14.06 and a 200-day moving average price of $13.52. The stock has a market capitalization of $50.22 billion, a P/E ratio of -6.74, a PEG ratio of 0.27 and a beta of 1.83. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The firm had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the prior year, the company earned $0.37 EPS. The company’s quarterly revenue was down 3.8% compared to the same quarter last year. As a group, research analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.8%. Ford Motor’s payout ratio is -32.09%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in F. BlackRock Inc. bought a new stake in Ford Motor during the second quarter worth approximately $4,649,131,000. State Street Corp lifted its stake in shares of Ford Motor by 0.8% in the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after purchasing an additional 1,492,186 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ford Motor by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock worth $1,394,697,000 after purchasing an additional 1,255,349 shares during the period. Bank of America Corp DE increased its position in shares of Ford Motor by 318.0% during the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Ford Motor during the 2nd quarter valued at $717,218,000. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.