Ford Motor (NYSE:F) Stock Price Down 3.7% – What’s Next?

Ford Motor Company (NYSE:F) was down 3.7% during trading on Thursday . The stock traded as low as $13.82 and last traded at $13.97. Approximately 40,922,626 shares traded hands during trading, a decline of 31% from the average session volume of 59,412,648 shares. The stock had previously closed at $14.50.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on F. Royal Bank Of Canada lifted their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Wells Fargo & Company lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. BNP Paribas Exane boosted their price target on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Bank of America raised their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Performance

The stock has a market cap of $57.58 billion, a P/E ratio of -7.72, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The firm’s 50-day moving average is $14.12 and its two-hundred day moving average is $13.51. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm had revenue of $48.30 billion during the quarter, compared to analysts’ expectations of $47.24 billion. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s revenue was down 3.8% compared to the same quarter last year. As a group, research analysts expect that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s dividend payout ratio is currently -32.09%.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Ford Motor by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 471,705,454 shares of the auto manufacturer’s stock valued at $6,188,776,000 after purchasing an additional 4,087,699 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Ford Motor in the second quarter worth $4,649,131,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ford Motor by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 152,017,084 shares of the auto manufacturer’s stock worth $1,994,464,000 after buying an additional 4,089,779 shares during the period. Geode Capital Management LLC grew its stake in Ford Motor by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after purchasing an additional 55,100,244 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.