Ford Motor Company (NYSE:F – Get Free Report)’s stock price was down 4.3% on Wednesday . The stock traded as low as $14.23 and last traded at $14.3050. Approximately 45,615,450 shares traded hands during trading, a decline of 28% from the average daily volume of 63,146,715 shares. The stock had previously closed at $14.95.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. TD Cowen dropped their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a report on Friday, May 1st. Wall Street Zen cut Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Bank of America lifted their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.41.
View Our Latest Research Report on Ford Motor
Ford Motor Price Performance
Ford Motor (NYSE:F – Get Free Report) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, sell-side analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.
Ford Motor Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.2%. Ford Motor’s payout ratio is presently -38.71%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Maripau Wealth Management LLC lifted its stake in shares of Ford Motor by 1.6% in the 1st quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after purchasing an additional 749 shares during the period. Parkside Financial Bank & Trust raised its stake in Ford Motor by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after buying an additional 756 shares during the period. Robertson Stephens Wealth Management LLC raised its stake in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after buying an additional 761 shares during the period. CRA Financial Services LLC raised its stake in Ford Motor by 4.4% during the 4th quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock worth $240,000 after buying an additional 775 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its stake in Ford Motor by 16.5% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock worth $65,000 after buying an additional 776 shares during the period. 58.74% of the stock is 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.
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