Ford Motor (NYSE:F) Shares Down 1.1%

Ford Motor (NYSE:F) shares traded down 1.1% during mid-day trading on Friday . The stock traded as low as $12.61 and last traded at $12.90. 23,820,766 shares traded hands during trading, a decline of 56% from the average session volume of 53,898,578 shares. The stock had previously closed at $13.04.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Redburn Atlantic assumed coverage on shares of Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Piper Sandler initiated coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Barclays increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Citigroup increased their target price on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $14.02.

Ford Motor Stock Down 1.9 %

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 1.04. The business’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $11.79. The company has a market capitalization of $50.82 billion, a PE ratio of 13.19, a P/E/G ratio of 1.01 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The company had revenue of $42.78 billion for the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. Ford Motor’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, analysts anticipate that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Tuesday, May 7th. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insider Activity

In other news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total value of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares of the company’s stock, valued at approximately $88,988.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently made changes to their positions in F. Norges Bank acquired a new position in shares of Ford Motor in the fourth quarter valued at approximately $475,899,000. Coatue Management LLC acquired a new position in shares of Ford Motor in the fourth quarter valued at approximately $149,152,000. Newport Trust Company LLC grew its holdings in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Ford Motor by 151.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 4,496,403 shares of the auto manufacturer’s stock valued at $55,845,000 after purchasing an additional 2,707,038 shares in the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.