Ford Motor (NYSE:F) Stock Price Down 2.2% – Here’s What Happened

Ford Motor Company (NYSE:F)’s share price fell 2.2% on Monday . The stock traded as low as $12.01 and last traded at $12.0450. 48,701,578 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 57,856,582 shares. The stock had previously closed at $12.32.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on F. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Royal Bank Of Canada boosted their price objective on shares of Ford Motor from $11.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Ford Motor from a “sell” rating to a “buy” rating in a research note on Saturday, May 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Friday, March 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $14.00 price target on shares of Ford Motor in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.56.

Ford Motor Stock Up 13.1%

The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84. The firm has a market cap of $54.05 billion, a P/E ratio of -8.75, a PEG ratio of 0.27 and a beta of 1.65. The stock’s 50-day simple moving average is $12.11 and its 200 day simple moving average is $13.01.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The firm had revenue of $43.25 billion for the quarter, compared to analyst estimates of $42.66 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, research analysts forecast that Ford Motor Company will post 1.58 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.60 annualized dividend and a yield of 4.4%. Ford Motor’s dividend payout ratio (DPR) is -38.71%.

Insider Buying and Selling

In other Ford Motor news, insider William Clay Ford, Jr. acquired 140,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the acquisition, the insider owned 3,912,600 shares in the company, valued at approximately $54,072,132. This represents a 3.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust boosted its stake in shares of Ford Motor by 110.7% during the 4th 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 in the last quarter. MV Capital Management Inc. purchased a new position in Ford Motor in the fourth quarter worth about $25,000. Olistico Wealth LLC purchased a new position in Ford Motor in the fourth quarter worth about $26,000. McMillan Office Inc. purchased a new position in shares of Ford Motor during the fourth quarter valued at approximately $26,000. Finally, Legacy Wealth Managment LLC ID raised its holdings in shares of Ford Motor by 108.4% during the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock valued at $27,000 after purchasing an additional 1,230 shares during the last quarter. 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.