Ford Motor (NYSE:F) Trading Down 1.9% – Here’s What Happened

Ford Motor Company (NYSE:F) shares were down 1.9% during mid-day trading on Wednesday . The stock traded as low as $13.81 and last traded at $13.8570. Approximately 63,637,041 shares traded hands during trading, a decline of 9% from the average daily volume of 70,266,234 shares. The stock had previously closed at $14.13.

Analyst Ratings Changes

A number of equities analysts have recently commented on F shares. Morgan Stanley raised their target price on shares of Ford Motor from $11.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, December 8th. Evercore increased their price target on Ford Motor from $12.00 to $14.00 and gave the company an “in-line” rating in a report on Monday, December 22nd. Zacks Research raised Ford Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Piper Sandler upgraded Ford Motor from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $11.00 to $16.00 in a research note on Thursday, January 8th. Finally, TD Cowen upped their target price on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $13.02.

Ford Motor Price Performance

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 business’s fifty day simple moving average is $13.66 and its 200 day simple moving average is $12.73. The stock has a market cap of $55.21 billion, a price-to-earnings ratio of -6.73, a price-to-earnings-growth ratio of 0.34 and a beta of 1.66.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $45.89 billion during the quarter, compared to the consensus estimate of $41.78 billion. During the same period last year, the firm earned $0.39 earnings per share. The company’s revenue was down 4.8% on a year-over-year basis. Research analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, February 13th. This represents a $0.60 annualized dividend and a yield of 4.3%. Ford Motor’s payout ratio is currently -29.13%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Parkside Financial Bank & Trust grew its position in shares of Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after buying an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 761 shares during the period. CRA Financial Services LLC boosted its stake in Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after acquiring an additional 775 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Ford Motor by 16.5% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after purchasing an additional 776 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in shares of Ford Motor by 7.2% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock worth $153,000 after purchasing an additional 784 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

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.