Ford Motor (NYSE:F) Trading Down 2.2% – What’s Next?

Shares of Ford Motor Company (NYSE:FGet Free Report) dropped 2.2% during mid-day trading on Monday . The company traded as low as $12.01 and last traded at $12.0450. Approximately 48,701,578 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 57,856,582 shares. The stock had previously closed at $12.32.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays upped their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Citigroup reduced their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. JPMorgan Chase & Co. upped their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group reduced their price target on Ford Motor from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Finally, Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Five research 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. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $13.56.

Read Our Latest Analysis on F

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The company has a market cap of $48.00 billion, a P/E ratio of -7.77, a P/E/G ratio of 0.28 and a beta of 1.65. The firm has a 50 day moving average price of $12.24 and a 200-day moving average price of $13.00.

Ford Motor (NYSE:FGet Free Report) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The firm had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same period in the previous year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, research analysts predict that Ford Motor Company will post 1.57 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Insider Buying and Selling

In other news, insider William Clay Ford, Jr. bought 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the acquisition, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. The trade was a 3.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Grove Bank & Trust increased its position in Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,000 shares during the period. MV Capital Management Inc. acquired a new stake in shares of Ford Motor in the fourth quarter worth $25,000. McMillan Office Inc. bought a new position in Ford Motor during the fourth quarter worth $26,000. Olistico Wealth LLC bought a new position in Ford Motor during the fourth quarter worth $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in Ford Motor during the 4th quarter valued at $29,000. 58.74% of the stock is owned by institutional investors and hedge funds.

About Ford Motor

(Get Free Report)

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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