Ford Motor Company (NYSE:F – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.95 and last traded at $14.9250, with a volume of 108752688 shares. The stock had previously closed at $13.67.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on F shares. Bank of America started coverage on shares of Ford Motor in a report on Wednesday, March 4th. They issued a “buy” rating and a $17.00 target price on the stock. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. The Goldman Sachs Group dropped their target price on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Barclays raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ford Motor currently has a consensus rating of “Hold” and an average price target of $13.56.
Ford Motor Stock Up 9.2%
Ford Motor (NYSE:F – Get Free Report) last posted its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. Ford Motor’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. As a group, equities analysts expect that Ford Motor Company will post 1.6 earnings per share for the current year.
Ford Motor Dividend Announcement
The business 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 dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.
Hedge Funds Weigh In On Ford Motor
A number of institutional investors and hedge funds have recently modified their holdings of the stock. WNY Asset Management LLC purchased a new position in shares of Ford Motor during the 1st quarter worth about $417,000. Vestor Capital LLC lifted its stake in shares of Ford Motor by 78.4% during the 1st quarter. Vestor Capital LLC now owns 3,648 shares of the auto manufacturer’s stock worth $42,000 after acquiring an additional 1,603 shares during the last quarter. Western Wealth Management LLC boosted its holdings in Ford Motor by 56.5% during the 1st quarter. Western Wealth Management LLC now owns 50,015 shares of the auto manufacturer’s stock valued at $577,000 after acquiring an additional 18,058 shares during the period. Orographic Financial Advisors LLC bought a new position in Ford Motor in the 1st quarter valued at $379,000. Finally, Paragon Private Wealth Management LLC purchased a new stake in Ford Motor in the first quarter worth $382,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.
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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