Ford Motor (NYSE:F) Shares Down 2.5% – Here’s What Happened

Ford Motor Company (NYSE:F)’s share price traded down 2.5% during trading on Tuesday. The company traded as low as $12.19 and last traded at $12.2810. Approximately 40,359,726 shares changed hands during trading, a decline of 28% from the average daily volume of 55,733,980 shares. The stock had previously closed at $12.60.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. DZ Bank raised shares of Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a report on Friday, July 31st. Piper Sandler lifted their price target on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Morgan Stanley dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 29th. Finally, Royal Bank Of Canada reduced their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “sector perform” rating on the stock in a report on Thursday, October 29th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $15.02.

Ford Motor Price Performance

The company has a market capitalization of $48.97 billion, a PE ratio of -6.23, a price-to-earnings-growth ratio of 0.25 and a beta of 1.88. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The company’s 50 day simple moving average is $12.86 and its 200 day simple moving average is $13.36.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.96%. The business had revenue of $49.53 billion during the quarter, compared to the consensus estimate of $49.08 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. As a group, sell-side analysts predict that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, November 10th. Ford Motor’s dividend payout ratio is currently -30.46%.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Ford Motor in the second quarter valued at approximately $4,649,131,000. State Street Corp increased its holdings in shares of Ford Motor by 0.8% in the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after acquiring an additional 1,492,186 shares during the period. Bank of America Corp DE increased its holdings in shares of Ford Motor by 318.0% in the 2nd 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 acquiring an additional 55,100,244 shares during the period. Bank of New York Mellon Corp purchased a new stake in Ford Motor in the 2nd quarter valued at $717,218,000. Finally, Dimensional Fund Advisors LP raised its position in Ford Motor by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after purchasing an additional 1,585,557 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is an American automobile manufacturer founded in 1903 by Henry Ford and headquartered in Dearborn, Michigan. The company helped popularize mass automobile production and is known for brands including Ford and Lincoln.

Ford develops, manufactures and sells cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles. Its product portfolio includes the F-Series pickup trucks, Transit commercial vans, Mustang sports cars and a range of utility vehicles. The company also provides vehicle software, connected services, fleet solutions, maintenance and other support services.

Ford operates through Ford Blue, which focuses on gasoline- and hybrid-powered vehicles; Model e, which develops electric vehicles and related technologies; and Ford Pro, which serves commercial and fleet customers.