Ford Motor (NYSE:F) Shares Down 3.2% on Analyst Downgrade

Ford Motor Company (NYSE:F) shares dropped 3.2% on Monday after Citigroup lowered their price target on the stock from $13.50 to $13.00. Citigroup currently has a neutral rating on the stock. Ford Motor traded as low as $11.46 and last traded at $11.5050. Approximately 50,818,504 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 58,672,051 shares. The stock had previously closed at $11.88.

A number of other brokerages have also weighed in on F. JPMorgan Chase & Co. increased their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Bank of America initiated coverage on shares of Ford Motor in a research report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 price target on the stock. Barclays upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, TD Cowen reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.56.

Insider Activity

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.63% of the company’s stock.

Institutional Trading of Ford Motor

A number of large investors have recently modified their holdings of F. Vanguard Group Inc. raised its stake in Ford Motor by 0.9% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Ford Motor by 2.8% in 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 last quarter. Geode Capital Management LLC raised its position in shares of Ford Motor by 1.2% during 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 in the last quarter. Norges Bank purchased a new stake in shares of Ford Motor during the 4th quarter valued at $674,437,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ford Motor by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 45,857,344 shares of the auto manufacturer’s stock worth $601,687,000 after acquiring an additional 125,534 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Price Performance

The business’s fifty day moving average price is $12.35 and its 200-day moving average price is $13.00. The company has a market capitalization of $45.90 billion, a P/E ratio of -7.42, a P/E/G ratio of 0.27 and a beta of 1.66. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts predict that Ford Motor Company will post 1.53 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is currently -38.71%.

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.