Ford Motor (NYSE:F) Trading Down 0.2% – Here’s What Happened

Ford Motor (NYSE:F)’s stock price was down 0.2% during mid-day trading on Friday . The stock traded as low as $10.99 and last traded at $11.05. Approximately 12,306,563 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 53,711,098 shares. The stock had previously closed at $11.07.

Analysts Set New Price Targets

A number of research firms recently commented on F. The Goldman Sachs Group raised Ford Motor from a “neutral” rating to a “buy” rating and increased their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $16.00 to $12.00 in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, October 30th. Finally, Wolfe Research initiated coverage on shares of Ford Motor in a research note on Thursday, September 5th. They issued a “peer perform” rating for the company. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $12.02.

Ford Motor Trading Down 0.5 %

The company has a market capitalization of $43.76 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 2.01 and a beta of 1.62. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock’s fifty day moving average price is $10.79 and its two-hundred day moving average price is $11.51.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Thursday, November 7th. Ford Motor’s payout ratio is currently 68.18%.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently bought and sold shares of the stock. Insight Wealth Partners LLC lifted its position in Ford Motor by 1.9% during the second 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 lifted its position in Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 846 shares during the period. RB Capital Management LLC boosted its stake in Ford Motor by 2.9% during 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 grew its holdings in Ford Motor by 5.0% in the first quarter. Freestone Capital Holdings LLC now owns 18,346 shares of the auto manufacturer’s stock worth $244,000 after purchasing an additional 875 shares during the period. Finally, Hilltop National Bank increased its stake in shares of Ford Motor by 7.1% during the second 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 in the last quarter. 58.74% of the stock is 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.