Ford Motor (NYSE:F) Trading 1.2% Higher – What’s Next?

Ford Motor Company (NYSE:F)’s stock price traded up 1.2% during mid-day trading on Friday . The stock traded as high as $12.37 and last traded at $12.3280. 38,035,444 shares changed hands during trading, a decline of 34% from the average session volume of 57,956,195 shares. The stock had previously closed at $12.18.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group reduced their price objective on Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. The Goldman Sachs Group reduced their price objective on Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. HSBC upped their price objective on Ford Motor from $9.80 to $12.80 and gave the stock a “hold” rating in a report on Tuesday, January 13th. TD Cowen reduced their price objective on Ford Motor from $14.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, May 1st. Finally, Citigroup reduced their price objective on Ford Motor from $13.50 to $13.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.56.

Ford Motor Stock Up 1.2%

The firm’s 50-day simple moving average is $12.24 and its 200 day simple moving average is $13.00. The company has a market cap of $49.18 billion, a P/E ratio of -7.95, a PEG ratio of 0.28 and a beta of 1.65. 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 issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion during the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. On average, research analysts forecast that Ford Motor Company will post 1.57 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.9%. Ford Motor’s payout ratio is presently -38.71%.

Insider Activity at Ford Motor

In other Ford Motor news, insider William Clay Ford, Jr. bought 140,000 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. The trade was a 3.71% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.63% of the company’s stock.

Institutional Trading of Ford Motor

A number of large investors have recently made changes to their positions in F. Caxton Associates LLP bought a new stake in shares of Ford Motor in the 1st quarter valued at $304,000. Empowered Funds LLC increased its position in shares of Ford Motor by 41.6% in the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer’s stock valued at $1,482,000 after buying an additional 43,385 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Ford Motor in the 2nd quarter valued at $172,000. NewEdge Advisors LLC increased its position in shares of Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer’s stock valued at $2,907,000 after buying an additional 55,741 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer’s stock valued at $19,786,000 after buying an additional 26,526 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.