Ford Motor (NYSE:F) Stock Price Down 0.2% – Here’s Why

Shares of Ford Motor (NYSE:F) dropped 0.2% during mid-day trading on Friday . The company traded as low as $10.86 and last traded at $10.94. Approximately 8,359,097 shares were traded during trading, a decline of 84% from the average daily volume of 53,737,188 shares. The stock had previously closed at $10.96.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $12.00 to $13.00 in a report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Evercore ISI raised shares of Ford Motor to a “hold” rating in a research report on Friday, July 26th. Sanford C. Bernstein downgraded 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 report on Thursday. Finally, StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Trading Up 0.1 %

The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company’s 50 day moving average is $10.77 and its 200 day moving average is $11.57. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 2.03 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same period in the prior year, the business earned $0.39 earnings per share. Ford Motor’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Insight Wealth Partners LLC grew its holdings in shares of Ford Motor by 1.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Ford Motor by 2.9% in the second quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock worth $374,000 after acquiring an additional 846 shares in the last quarter. RB Capital Management LLC increased its holdings in shares of Ford Motor by 2.9% in the first quarter. RB Capital Management LLC now owns 30,380 shares of the auto manufacturer’s stock worth $403,000 after acquiring an additional 857 shares in the last quarter. Freestone Capital Holdings LLC lifted its holdings in shares of Ford Motor by 5.0% during the 1st quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock valued at $244,000 after purchasing an additional 875 shares in the last quarter. Finally, Hilltop National Bank grew its position in shares of Ford Motor by 7.1% in the 2nd quarter. Hilltop National Bank now owns 14,159 shares of the auto manufacturer’s stock valued at $178,000 after purchasing an additional 944 shares during the period. Institutional investors own 58.74% of the company’s stock.

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.