Ford Motor (NYSE:F) Stock Price Down 1.2% – What’s Next?

Ford Motor Company (NYSE:F) dropped 1.2% during trading on Thursday . The company traded as low as $12.37 and last traded at $12.48. Approximately 30,765,040 shares traded hands during trading, a decline of 48% from the average daily volume of 59,494,863 shares. The stock had previously closed at $12.63.

Analyst Ratings Changes

F has been the topic of a number of analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. 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. HSBC boosted their price objective on shares of Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a research note on Tuesday, January 13th. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Wall Street Zen cut shares of Ford Motor from a “hold” rating to a “sell” rating in a research note on Sunday, April 5th. Five investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of “Hold” and a consensus price target of $13.66.

Ford Motor Trading Down 1.2%

The company has a market capitalization of $49.79 billion, a price-to-earnings ratio of -6.06, a P/E/G ratio of 0.29 and a beta of 1.70. The company has a 50-day moving average price of $12.55 and a 200-day moving average price of $12.97. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $45.89 billion for the quarter, compared to analyst estimates of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. Research analysts predict that Ford Motor Company will post 1.5 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Friday, February 13th. Ford Motor’s dividend payout ratio is -29.13%.

Insider Activity

In other news, insider William Clay Ford, Jr. bought 140,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was acquired at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the transaction, the insider directly owned 3,912,600 shares of the company’s stock, valued at $54,072,132. This trade represents a 3.71% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 110.7% in the 4th quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after acquiring an additional 1,000 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at $25,000. McMillan Office Inc. acquired a new stake in shares of Ford Motor in the fourth quarter valued at $26,000. Olistico Wealth LLC acquired a new stake in shares of Ford Motor in the fourth quarter valued at $26,000. Finally, Murphy Middleton Hinkle & Parker Inc. acquired a new position in shares of Ford Motor during the fourth quarter worth approximately $29,000. 58.74% of the stock is owned by institutional investors and hedge funds.

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.