Ford Motor Company (NYSE:F – Get Free Report)’s stock price was down 4.4% on Monday . The stock traded as low as $16.63 and last traded at $16.6690. Approximately 95,414,337 shares traded hands during trading, an increase of 50% from the average daily volume of 63,750,738 shares. The stock had previously closed at $17.44.
Analyst Ratings Changes
A number of brokerages have recently issued reports on F. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen cut their price target on Ford Motor from $14.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, May 1st. Citigroup raised their price target on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a report on Monday. Finally, The Goldman Sachs Group lowered their price objective on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $14.20.
Check Out Our Latest Report on F
Ford Motor Stock Down 2.9%
Ford Motor (NYSE:F – Get Free Report) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.48. The firm had revenue of $43.25 billion for 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%. The business’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. On average, equities research analysts forecast that Ford Motor Company will post 1.61 earnings per share for the current year.
Ford Motor Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th were given 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 dividend yield of 3.7%. Ford Motor’s payout ratio is currently -38.71%.
Institutional Trading of Ford Motor
A number of institutional investors have recently bought and sold shares of F. Norges Bank purchased a new stake in shares of Ford Motor in the fourth quarter valued at $674,437,000. DLD Asset Management LP purchased a new position in shares of Ford Motor during the 3rd quarter worth about $299,000,000. Marshall Wace LLP grew its holdings in Ford Motor by 81.1% during the 3rd quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after purchasing an additional 15,866,285 shares during the last quarter. AQR Capital Management LLC grew its holdings in Ford Motor by 610.1% during the 4th quarter. AQR Capital Management LLC now owns 11,177,304 shares of the auto manufacturer’s stock valued at $146,646,000 after purchasing an additional 9,603,267 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Ford Motor by 26.9% in the 4th quarter. Bank of New York Mellon Corp now owns 38,153,383 shares of the auto manufacturer’s stock worth $500,572,000 after purchasing an additional 8,086,564 shares during the period. 58.74% of the stock is currently owned by institutional investors.
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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