Ford Motor (NYSE:F) Trading Down 3.8% – Here’s Why

Shares of Ford Motor Company (NYSE:F) dropped 3.8% during mid-day trading on Thursday . The company traded as low as $12.38 and last traded at $12.4050. Approximately 95,784,393 shares traded hands during trading, a decline of 1% from the average daily volume of 96,695,516 shares. The stock had previously closed at $12.90.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Dbs Bank lowered shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Ford Motor in a report on Monday. The Goldman Sachs Group lifted their price target on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. Royal Bank Of Canada increased their price objective on shares of Ford Motor from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Finally, Jefferies Financial Group upgraded Ford Motor from an “underperform” rating to a “hold” rating and boosted their target price for the company from $9.00 to $12.00 in a research report on Monday, October 6th. Three analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Ford Motor has an average rating of “Hold” and an average target price of $11.73.

Ford Motor Stock Up 3.4%

The company has a market cap of $51.12 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 4.03 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The business’s fifty day moving average is $12.42 and its two-hundred day moving average is $11.53.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, November 7th. Ford Motor’s dividend payout ratio is currently 51.72%.

Institutional Trading of Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new position in Ford Motor during the 3rd quarter worth about $6,449,000. Achmea Investment Management B.V. lifted its position in shares of Ford Motor by 37.5% in the 3rd quarter. Achmea Investment Management B.V. now owns 2,255,745 shares of the auto manufacturer’s stock worth $26,979,000 after purchasing an additional 615,762 shares during the period. Oarsman Capital Inc. bought a new position in shares of Ford Motor during the third quarter valued at approximately $145,000. Centaurus Financial Inc. increased its holdings in Ford Motor by 1.3% during the third quarter. Centaurus Financial Inc. now owns 91,942 shares of the auto manufacturer’s stock valued at $1,100,000 after buying an additional 1,146 shares during the period. Finally, Mayport LLC bought a new position in Ford Motor in the third quarter worth approximately $121,000. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

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.