Ford Motor (NYSE:F) Stock Price Down 3% – What’s Next?

Ford Motor Company (NYSE:F)’s stock price traded down 3% on Friday. The company traded as low as $11.44 and last traded at $11.5850. Approximately 43,721,035 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 55,959,227 shares. The stock had previously closed at $11.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on F shares. TD Cowen lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. BNP Paribas Exane increased their target price on shares of Ford Motor from $14.00 to $14.50 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, UBS Group cut their price target on shares of Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $15.36.

Ford Motor Stock Performance

The firm has a market cap of $46.20 billion, a price-to-earnings ratio of -6.20, a P/E/G ratio of 0.24 and a beta of 1.93. 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 firm has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $13.59.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. The firm had revenue of $48.30 billion for the quarter, compared to the consensus estimate of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.37 earnings per share. On average, analysts expect that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently made changes to their positions in the stock. Maripau Wealth Management LLC lifted its position in Ford Motor by 1.6% during the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after acquiring an additional 749 shares during the period. Wayfinding Financial LLC grew its stake in Ford Motor by 5.8% during the 2nd quarter. Wayfinding Financial LLC now owns 13,652 shares of the auto manufacturer’s stock valued at $189,000 after purchasing an additional 754 shares during the last quarter. Southern Financial Group LLC increased its holdings in shares of Ford Motor by 2.3% in the first quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock valued at $401,000 after purchasing an additional 776 shares during the period. Bernicke Wealth Management Ltd. increased its holdings in shares of Ford Motor by 2.0% in the second quarter. Bernicke Wealth Management Ltd. now owns 39,789 shares of the auto manufacturer’s stock valued at $553,000 after purchasing an additional 792 shares during the period. Finally, Bank & Trust Co increased its holdings in shares of Ford Motor by 2.6% in the second quarter. Bank & Trust Co now owns 31,665 shares of the auto manufacturer’s stock valued at $440,000 after purchasing an additional 794 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.