Ford Motor (NYSE:F) Stock Price Down 1.1% – What’s Next?

Ford Motor Company (NYSE:F)’s share price fell 1.1% during trading on Wednesday . The stock traded as low as $13.79 and last traded at $13.83. Approximately 38,065,526 shares traded hands during trading, a decline of 37% from the average daily volume of 60,212,180 shares. The stock had previously closed at $13.98.

Analysts Set New Price Targets

A number of analysts have weighed in on F shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Jefferies Financial Group upgraded shares of Ford Motor from a “hold” rating to a “buy” rating and boosted their target price for the company from $14.50 to $17.50 in a research note on Monday, July 27th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their target price for the stock from $19.00 to $20.00 in a report on Wednesday, July 29th. Finally, Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Stock Performance

The stock has a 50-day moving average of $14.26 and a 200 day moving average of $13.49. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The firm has a market capitalization of $55.15 billion, a P/E ratio of -7.40, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. On average, research analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.3%. Ford Motor’s dividend payout ratio is currently -32.09%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Ford Motor in the second quarter worth about $4,649,131,000. Bank of New York Mellon Corp bought a new stake in shares of Ford Motor during the second quarter worth approximately $717,218,000. Norges Bank acquired a new position in Ford Motor in the fourth quarter valued at approximately $674,437,000. Deutsche Bank AG acquired a new position in Ford Motor in the second quarter valued at approximately $267,563,000. Finally, Marshall Wace LLP boosted its stake in Ford Motor by 81.1% in the third quarter. Marshall Wace LLP now owns 35,438,722 shares of the auto manufacturer’s stock valued at $423,847,000 after acquiring an additional 15,866,285 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.