Shares of Ford Motor Company (NYSE:F – Get Free Report) shot up 3.4% during mid-day trading on Friday . The stock traded as high as $14.44 and last traded at $14.3590. 49,414,080 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 59,939,555 shares. The stock had previously closed at $13.89.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on F shares. Morgan Stanley reissued an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. The Goldman Sachs Group lifted their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. TD Cowen boosted their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. Citigroup raised Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Finally, UBS Group raised their price objective on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $15.68.
Read Our Latest Stock Analysis on Ford Motor
Ford Motor Stock Performance
Ford Motor (NYSE:F – Get Free Report) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. As a group, analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s dividend payout ratio (DPR) is presently -32.09%.
Institutional Trading of Ford Motor
Several large investors have recently added to or reduced their stakes in F. MV Capital Management Inc. acquired a new stake in shares of Ford Motor in the 4th quarter worth $25,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. Legacy Wealth Managment LLC ID boosted its position in shares of Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after acquiring an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after purchasing an additional 837 shares during the period. Finally, Caldwell Trust Co grew its holdings in shares of Ford Motor by 605.8% in the first quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer’s stock valued at $29,000 after purchasing an additional 2,175 shares during the period. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
Ford Motor Company Profile
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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