Ford Motor (NYSE:F) Shares Down 3.5% – Should You Sell?

Ford Motor (NYSE:F) fell 3.5% during mid-day trading on Wednesday . The company traded as low as $10.02 and last traded at $10.07. 22,019,155 shares were traded during mid-day trading, a decline of 63% from the average session volume of 59,663,477 shares. The stock had previously closed at $10.43.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Barclays lowered Ford Motor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $13.00 to $11.00 in a report on Wednesday. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a research note on Tuesday, October 1st. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Thursday, November 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and a consensus price target of $11.67.

Ford Motor Stock Down 0.4 %

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market cap of $40.20 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.93 and a beta of 1.64. The stock has a 50 day moving average price of $10.31 and a 200 day moving average price of $10.86.

Ford Motor (NYSE:F) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the previous year, the business earned $0.39 earnings per share. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts expect that Ford Motor will post 1.77 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of F. Ensign Peak Advisors Inc raised its stake in Ford Motor by 40.5% during the 2nd quarter. Ensign Peak Advisors Inc now owns 589,197 shares of the auto manufacturer’s stock valued at $7,389,000 after purchasing an additional 169,725 shares during the period. 1832 Asset Management L.P. raised its position in Ford Motor by 154.2% during the second quarter. 1832 Asset Management L.P. now owns 6,384 shares of the auto manufacturer’s stock valued at $80,000 after buying an additional 3,873 shares during the period. Public Sector Pension Investment Board lifted its stake in Ford Motor by 76.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 153,112 shares of the auto manufacturer’s stock worth $1,920,000 after acquiring an additional 66,123 shares in the last quarter. Marshall Wace LLP grew its stake in Ford Motor by 117.8% during the 2nd quarter. Marshall Wace LLP now owns 387,859 shares of the auto manufacturer’s stock valued at $4,864,000 after acquiring an additional 209,756 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Ford Motor by 59.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 747,496 shares of the auto manufacturer’s stock valued at $9,374,000 after purchasing an additional 278,033 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

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.