Ford Motor (NYSE:F) Stock Price Down 2.2% – Here’s Why

Ford Motor Company (NYSE:F) shares were down 2.2% during trading on Monday . The company traded as low as $12.78 and last traded at $12.9050. Approximately 73,316,076 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 97,033,156 shares. The stock had previously closed at $13.19.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on F. UBS Group raised their target price on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Citigroup raised their price objective on shares of Ford Motor from $11.00 to $13.50 and gave the stock a “neutral” rating in a report on Monday, October 27th. Jefferies Financial Group upgraded shares of Ford Motor from an “underperform” rating to a “hold” rating and upped their target price for the company from $9.00 to $12.00 in a report on Monday, October 6th. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday, July 20th. Finally, Royal Bank Of Canada boosted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Friday, October 24th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $11.73.

Ford Motor Trading Down 2.2%

The business’s 50 day simple moving average is $12.30 and its 200 day simple moving average is $11.45. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98. The company has a market capitalization of $51.42 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60.

Ford Motor (NYSE:F) last released its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.During the same quarter last year, the company posted $0.49 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio is 51.72%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of the company. Corsicana & Co. purchased a new stake in shares of Ford Motor in the third quarter valued at about $25,000. Trust Co. of Toledo NA OH acquired a new stake in Ford Motor in the second quarter valued at about $25,000. Salomon & Ludwin LLC boosted its holdings in Ford Motor by 86.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after purchasing an additional 1,083 shares in the last quarter. Johnson Financial Group Inc. increased its position in Ford Motor by 55.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 shares during the period. Finally, Capital A Wealth Management LLC raised its stake in shares of Ford Motor by 990.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 2,279 shares in the last quarter. 58.74% of the stock is 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.