Ford Motor (NYSE:F) Stock Price Down 4.4% – Here’s What Happened

Ford Motor Company (NYSE:F)’s share price dropped 4.4% during mid-day trading on Monday . The stock traded as low as $16.63 and last traded at $16.6690. Approximately 95,414,337 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 63,750,738 shares. The stock had previously closed at $17.44.

Wall Street Analyst Weigh In

F has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Bank of America increased their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Research downgraded Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Wells Fargo & Company reduced their price objective on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a research note on Tuesday, March 31st. Five 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. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and an average price target of $14.20.

Ford Motor Price Performance

The stock has a 50 day moving average price of $12.72 and a two-hundred day moving average price of $13.13. 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 capitalization of $66.42 billion, a PE ratio of -10.75, a P/E/G ratio of 0.38 and a beta of 1.79.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $43.25 billion during the quarter, compared to the consensus estimate of $42.66 billion. During the same period last year, the business earned $0.14 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Ford Motor Company will post 1.61 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.6%. Ford Motor’s dividend payout ratio is currently -38.71%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in F. Grove Bank & Trust increased its holdings in shares of Ford Motor by 110.7% during the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. MV Capital Management Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $25,000. Olistico Wealth LLC acquired a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. McMillan Office Inc. acquired a new position in shares of Ford Motor during the 4th quarter valued at about $26,000. Finally, Legacy Wealth Managment LLC ID grew its holdings in Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after buying an additional 1,230 shares during the last quarter. Institutional investors and hedge funds 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.