Ford Motor (NYSE:F) Shares Up 1.2% – Still a Buy?

Ford Motor Company (NYSE:F)’s stock price was up 1.2% during mid-day trading on Friday . The stock traded as high as $12.37 and last traded at $12.3280. Approximately 38,035,444 shares were traded during trading, a decline of 34% from the average daily volume of 57,956,195 shares. The stock had previously closed at $12.18.

Wall Street Analyst Weigh In

F has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. JPMorgan Chase & Co. upped their price target on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Citigroup lowered their price objective on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.56.

Ford Motor Price Performance

The firm has a 50-day simple moving average of $12.24 and a 200-day simple moving average of $13.00. The firm has a market cap of $49.18 billion, a P/E ratio of -7.95, a PEG ratio of 0.28 and a beta of 1.65. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. As a group, analysts forecast that Ford Motor Company will post 1.54 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Insiders Place Their Bets

In other news, insider William Clay Ford, Jr. purchased 140,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were acquired at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the acquisition, the insider owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by company insiders.

Institutional Trading of Ford Motor

Institutional investors have recently made changes to their positions in the business. Grove Bank & Trust grew its stake in shares of Ford Motor by 110.7% during the fourth 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 last quarter. MV Capital Management Inc. acquired a new position in Ford Motor during the 4th quarter valued at approximately $25,000. McMillan Office Inc. purchased a new position in shares of Ford Motor in the fourth quarter worth $26,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor during the fourth quarter worth $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Ford Motor during the fourth quarter valued at $29,000. 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.