Ford Motor (NYSE:F) Stock Price Down 1.4% Following Analyst Downgrade

Shares of Ford Motor Company (NYSE:F) fell 1.4% during mid-day trading on Tuesday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The company traded as low as $13.98 and last traded at $14.2340. Approximately 51,960,249 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 61,021,723 shares. The stock had previously closed at $14.43.

Several other research firms have also recently issued reports on F. Barclays increased their target price on Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Wells Fargo & Company increased their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a report on Thursday, June 25th. TD Cowen lifted their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research report on Wednesday, July 29th. Morgan Stanley reissued an “equal weight” rating and issued a $14.00 target price on shares of Ford Motor in a report on Wednesday, May 13th. Finally, Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Seven 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. Based on data from MarketBeat.com, Ford Motor has a consensus rating of “Hold” and a consensus price target of $15.68.

Institutional Trading of Ford Motor

A number of hedge funds have recently added to or reduced their stakes in F. Maripau Wealth Management LLC increased its stake in shares of Ford Motor by 1.6% during the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock valued at $538,000 after acquiring an additional 749 shares during the period. Parkside Financial Bank & Trust lifted its position in Ford Motor by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock worth $144,000 after purchasing an additional 756 shares during the period. Robertson Stephens Wealth Management LLC boosted its stake in Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock valued at $560,000 after purchasing an additional 761 shares in the last quarter. Southern Financial Group LLC boosted its stake in Ford Motor by 2.3% during the 1st quarter. Southern Financial Group LLC now owns 34,714 shares of the auto manufacturer’s stock valued at $401,000 after purchasing an additional 776 shares in the last quarter. Finally, Activest Wealth Management increased its position in shares of Ford Motor by 35.3% during the 4th quarter. Activest Wealth Management now owns 3,041 shares of the auto manufacturer’s stock valued at $40,000 after purchasing an additional 794 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Down 2.4%

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 stock has a 50 day moving average price of $14.48 and a 200 day moving average price of $13.48. The company has a market cap of $54.95 billion, a P/E ratio of -7.37, a P/E/G ratio of 0.29 and a beta of 1.82.

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

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio is currently -32.09%.

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.