Ford Motor (NYSE:F) Trading Down 2.8% – What’s Next?

Shares of Ford Motor Company (NYSE:F) traded down 2.8% during mid-day trading on Friday . The company traded as low as $14.68 and last traded at $14.9050. 60,624,349 shares traded hands during trading, a decline of 5% from the average session volume of 63,644,668 shares. The stock had previously closed at $15.34.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. UBS Group cut their price target on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research note on Wednesday, May 13th. Citigroup lifted their price target on Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company cut their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.20.

Ford Motor Price Performance

The business has a 50 day moving average price of $13.06 and a two-hundred day moving average price of $13.21. The stock has a market cap of $59.39 billion, a PE ratio of -9.62, a P/E/G ratio of 0.34 and a beta of 1.79. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating 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 business had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts expect that Ford Motor Company will post 1.64 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.0%. Ford Motor’s dividend payout ratio is presently -38.71%.

Hedge Funds Weigh In On Ford Motor

Institutional investors have recently bought and sold shares of the company. Grove Bank & Trust lifted its stake in Ford Motor by 110.7% in the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after purchasing an additional 1,000 shares during the last quarter. MV Capital Management Inc. purchased a new position in Ford Motor in the fourth quarter valued at approximately $25,000. McMillan Office Inc. purchased a new position in Ford Motor in the fourth quarter valued at approximately $26,000. Olistico Wealth LLC purchased a new position in Ford Motor in the fourth quarter valued at approximately $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. purchased a new position in Ford Motor in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors 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.