Ford Motor (NYSE:F) Stock Price Down 2.1% – Here’s Why

Ford Motor Company (NYSE:F) shares traded down 2.1% during mid-day trading on Wednesday. The stock traded as low as $11.96 and last traded at $12.0460. 50,147,375 shares traded hands during trading, a decline of 13% from the average session volume of 57,519,277 shares. The stock had previously closed at $12.30.

Analyst Ratings Changes

A number of brokerages recently commented on F. The Goldman Sachs Group raised their price target on Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Royal Bank Of Canada raised their target price on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 29th. Barclays lifted their target price on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and an average price target of $15.68.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93. The firm has a market cap of $48.91 billion, a PE ratio of -6.56, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. The firm has a 50-day simple moving average of $13.84 and a 200 day simple moving average of $13.53.

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

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s dividend payout ratio is -32.09%.

Hedge Funds Weigh In On Ford Motor

Large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Ford Motor during the 2nd quarter valued at approximately $4,649,131,000. State Street Corp boosted its holdings in Ford Motor by 0.8% in the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock worth $2,697,153,000 after acquiring an additional 1,492,186 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Ford Motor by 318.0% in the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after acquiring an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Ford Motor in the second quarter worth $717,218,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Ford Motor by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock valued at $547,379,000 after acquiring an additional 1,585,557 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

About Ford Motor

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.