Ford Motor (NYSE:F) Shares Up 3.7% – Here’s What Happened

Ford Motor (NYSE:F)’s stock price traded up 3.7% during trading on Wednesday . The stock traded as high as $9.50 and last traded at $9.46. 38,266,127 shares traded hands during trading, a decline of 52% from the average session volume of 80,041,023 shares. The stock had previously closed at $9.12.

Wall Street Analyst Weigh In

F has been the topic of a number of research reports. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and dropped their price target for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Bank of America cut their target price on Ford Motor from $19.00 to $15.50 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Barclays cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $13.00 to $11.00 in a report on Wednesday, January 22nd. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Thursday, November 7th. Finally, Wells Fargo & Company dropped their price target on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $11.89.

Ford Motor Stock Up 5.1 %

The stock has a 50 day moving average price of $9.74 and a 200 day moving average price of $10.40. The company has a market cap of $37.99 billion, a P/E ratio of 6.59, a P/E/G ratio of 0.61 and a beta of 1.63. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Research analysts expect that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.26%. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently modified their holdings of the stock. Probity Advisors Inc. raised its holdings in Ford Motor by 18.6% during the 4th quarter. Probity Advisors Inc. now owns 33,055 shares of the auto manufacturer’s stock worth $327,000 after buying an additional 5,193 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Ford Motor in the fourth quarter worth approximately $49,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Ford Motor during the fourth quarter valued at approximately $19,215,000. Bernard Wealth Management Corp. purchased a new stake in shares of Ford Motor in the 4th quarter valued at approximately $104,000. Finally, Yoffe Investment Management LLC acquired a new position in Ford Motor in the 4th quarter worth approximately $101,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.