Ford Motor (NYSE:F) Shares Up 2.2% – What’s Next?

Ford Motor Company (NYSE:F)’s share price rose 2.2% during trading on Wednesday . The company traded as high as $14.24 and last traded at $14.15. Approximately 56,188,763 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 58,539,645 shares. The stock had previously closed at $13.84.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Bank of America lifted their price objective on Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. UBS Group raised their target price on shares of Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Monday, June 8th. Wells Fargo & Company lifted their target price on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Thursday, June 25th. Finally, Dbs Bank raised shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Eight 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Stock Performance

The stock has a market cap of $56.42 billion, a price-to-earnings ratio of -7.57, a P/E/G ratio of 0.29 and a beta of 1.83. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The firm has a fifty day simple moving average of $14.08 and a 200-day simple moving average of $13.52.

Ford Motor (NYSE:F) last announced its quarterly 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. The company 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%.Ford Motor’s revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. Analysts forecast that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Ford Motor’s dividend payout ratio (DPR) is currently -32.09%.

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Ford Motor during the second quarter worth about $4,649,131,000. California State Teachers Retirement System increased its holdings in shares of Ford Motor by 1,439.1% during the second quarter. California State Teachers Retirement System now owns 83,893,103 shares of the auto manufacturer’s stock worth $1,166,114,000 after buying an additional 78,442,394 shares in the last quarter. Bank of America Corp DE raised its position in 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 valued at $1,006,703,000 after purchasing an additional 55,100,244 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Ford Motor during the 2nd quarter worth approximately $717,218,000. Finally, Norges Bank bought a new stake in shares of Ford Motor in the fourth quarter worth $674,437,000. Institutional investors and hedge funds 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.