Ford Motor (NYSE:F) Shares Down 3% – Here’s What Happened

Ford Motor Company (NYSE:F) shares dropped 3% on Wednesday . The company traded as low as $13.93 and last traded at $13.9820. Approximately 42,779,295 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 62,434,195 shares. The stock had previously closed at $14.41.

Analyst Upgrades and Downgrades

F has been the subject of several research reports. UBS Group increased their price objective on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Wall Street Zen raised shares of Ford Motor from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Citigroup increased their target price on Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. Finally, The Goldman Sachs Group lifted their price target on Ford Motor from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $14.63.

Ford Motor Stock Performance

The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The stock’s fifty day moving average is $13.67 and its two-hundred day moving average is $13.32. The firm has a market capitalization of $55.96 billion, a price-to-earnings ratio of -9.06, a P/E/G ratio of 0.30 and a beta of 1.79.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating 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 analysts’ expectations of $42.66 billion. During the same quarter last year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts predict that Ford Motor Company will post 1.64 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently bought and sold shares of the business. Maripau Wealth Management LLC boosted its stake in shares of Ford Motor by 1.6% during the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after acquiring an additional 749 shares during the period. Parkside Financial Bank & Trust raised its stake in Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 756 shares during the period. Robertson Stephens Wealth Management LLC raised its stake in 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 valued at $560,000 after acquiring an additional 761 shares during the period. CRA Financial Services LLC lifted its holdings in Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after purchasing an additional 775 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC lifted its holdings in Ford Motor by 16.5% during the 3rd 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. 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.