Ford Motor Company (NYSE:F – Get Free Report) fell 2.3% during trading on Tuesday . The company traded as low as $14.41 and last traded at $14.4350. 46,332,239 shares were traded during mid-day trading, a decline of 26% from the average session volume of 62,538,898 shares. The stock had previously closed at $14.77.
Analyst Ratings Changes
A number of research firms recently commented on F. Bank of America increased their target price on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $13.00 target price on shares of Ford Motor in a research report on Friday, May 15th. Citigroup raised their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. UBS Group raised their price objective 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. Finally, Wells Fargo & Company lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $14.63.
Get Our Latest Research Report on Ford Motor
Ford Motor Price Performance
Ford Motor (NYSE:F – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same period last year, the firm posted $0.14 EPS. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.64 earnings per share for the current year.
Ford Motor Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s payout ratio is presently -38.71%.
Institutional Trading of Ford Motor
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Maripau Wealth Management LLC boosted its holdings in shares of Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after acquiring an additional 749 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after acquiring an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its holdings in shares of Ford Motor by 1.8% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after acquiring an additional 761 shares in the last quarter. CRA Financial Services LLC boosted its holdings in shares of Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after acquiring an additional 775 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after acquiring an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.
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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