Ford Motor (NYSE:F) Trading Down 3.4% – Time to Sell?

Ford Motor Company (NYSE:F) shares traded down 3.4% during mid-day trading on Monday . The stock traded as low as $13.78 and last traded at $13.9250. Approximately 53,219,647 shares changed hands during trading, a decline of 10% from the average daily volume of 59,273,047 shares. The stock had previously closed at $14.41.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 29th. UBS Group upped their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Bank of America increased their price target on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. raised their price objective on Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane boosted their price objective on Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Price Performance

The company has a market cap of $55.65 billion, a PE ratio of -7.46, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82. The business’s 50 day moving average price is $14.09 and its 200-day moving average price is $13.51. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to analysts’ expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 earnings per share. As a group, analysts forecast that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s payout ratio is currently -32.09%.

Institutional Trading of Ford Motor

Several large investors have recently modified their holdings of F. MV Capital Management Inc. purchased a new position in Ford Motor in the fourth quarter valued at about $25,000. McMillan Office Inc. purchased a new stake in Ford Motor during the 4th quarter worth approximately $26,000. Manning & Napier Advisors LLC purchased a new stake in Ford Motor during the 2nd quarter worth approximately $31,000. Johnson Financial Group Inc. raised its position in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID raised its position in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

About Ford Motor

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.