Ford Motor (NYSE:F) Hits New 1-Year High – Here’s What Happened

Ford Motor Company (NYSE:F) shares hit a new 52-week high on Thursday . The company traded as high as $16.06 and last traded at $15.8750, with a volume of 89189997 shares trading hands. The stock had previously closed at $15.32.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America assumed coverage on shares of Ford Motor in a research note on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price on the stock. The Goldman Sachs Group cut their target price on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Citigroup cut their target price on shares of Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $13.56.

Ford Motor Price Performance

The stock has a market cap of $63.26 billion, a PE ratio of -10.24, a P/E/G ratio of 0.34 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. The company’s 50 day moving average is $12.51 and its 200-day moving average is $13.08.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor Company will post 1.6 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 3.8%. Ford Motor’s payout ratio is -38.71%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Parkside Financial Bank & Trust increased its position in shares of Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after purchasing an additional 756 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in shares of Ford Motor by 1.8% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after purchasing an additional 761 shares during the last quarter. CRA Financial Services LLC increased its position in shares of Ford Motor by 4.4% in the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after purchasing an additional 775 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Ford Motor by 16.5% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after purchasing an additional 776 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC increased its position in shares of Ford Motor by 7.2% in 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 last quarter. Hedge funds and other 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.