Ford Motor (NYSE:F) Trading Down 1.1% – Here’s What Happened

Ford Motor (NYSE:F)’s share price dropped 1.1% during mid-day trading on Thursday . The stock traded as low as $9.42 and last traded at $9.55. Approximately 33,505,312 shares were traded during trading, a decline of 59% from the average daily volume of 81,739,445 shares. The stock had previously closed at $9.65.

Wall Street Analyst Weigh In

F has been the topic of a number of research reports. TD Cowen began coverage on Ford Motor in a report on Friday. They set a “hold” rating and a $10.00 price target on the stock. BNP Paribas upgraded Ford Motor to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada cut their price target on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, February 6th. Wolfe Research reaffirmed an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Finally, Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $11.77.

Ford Motor Price Performance

The company has a market cap of $39.26 billion, a price-to-earnings ratio of 6.78, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31. The company has a fifty day simple moving average of $9.72 and a two-hundred day simple moving average of $10.38.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, equities research analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.06%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Institutional Investors Weigh In On Ford Motor

Large investors have recently bought and sold shares of the stock. Catalina Capital Group LLC raised its position in shares of Ford Motor by 33.9% in the third quarter. Catalina Capital Group LLC now owns 19,212 shares of the auto manufacturer’s stock valued at $203,000 after buying an additional 4,865 shares during the last quarter. Principal Financial Group Inc. grew its stake in Ford Motor by 3.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after acquiring an additional 160,409 shares during the period. Olympiad Research LP raised its holdings in Ford Motor by 20.5% in the 3rd quarter. Olympiad Research LP now owns 36,880 shares of the auto manufacturer’s stock valued at $389,000 after acquiring an additional 6,285 shares during the last quarter. Kornitzer Capital Management Inc. KS lifted its stake in shares of Ford Motor by 0.8% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 246,146 shares of the auto manufacturer’s stock worth $2,599,000 after purchasing an additional 1,900 shares during the period. Finally, Keynote Financial Services LLC boosted its holdings in shares of Ford Motor by 4.1% during the third quarter. Keynote Financial Services LLC now owns 65,505 shares of the auto manufacturer’s stock worth $692,000 after purchasing an additional 2,579 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.