Ford Motor (NYSE:F) Trading Down 2.3% – Should You Sell?

Ford Motor Company (NYSE:F)’s share price dropped 2.3% on Thursday . The company traded as low as $15.22 and last traded at $15.3550. Approximately 50,032,552 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 63,688,625 shares. The stock had previously closed at $15.71.

Analysts Set New Price Targets

F has been the subject of a number of research reports. The Goldman Sachs Group lowered their price target on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Bank of America raised their price target on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of Ford Motor in a report on Friday, May 15th. Citigroup raised their price target on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday. Finally, TD Cowen lowered their target price on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.20.

Ford Motor Stock Down 2.3%

The business’s fifty day simple moving average is $12.99 and its 200 day simple moving average is $13.19. 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 stock has a market cap of $61.18 billion, a price-to-earnings ratio of -9.91, a price-to-earnings-growth ratio of 0.35 and a beta of 1.79.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the previous year, the business earned $0.14 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities analysts forecast that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s payout ratio is currently -38.71%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Ford Motor by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock worth $6,188,776,000 after purchasing an additional 4,087,699 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Ford Motor by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after purchasing an additional 4,089,779 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ford Motor by 1.2% during the fourth 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 in the last quarter. Norges Bank bought a new position in shares of Ford Motor during the fourth quarter worth $674,437,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ford Motor by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after purchasing an additional 1,585,557 shares in the last quarter. 58.74% of the stock is owned by 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.