Ford Motor Company Announces Quarterly Dividend of $0.15 (NYSE:F)

Key Points

• Ford Motor Company announced a quarterly dividend of $0.15 per share, which equates to an annualized amount of $0.60 and a yield of 5.51%. Shareholders on record will receive this dividend on September 2nd.
• The company reported an EPS of $0.37 for the last quarter, surpassing the consensus estimate of $0.30, with analysts predicting that Ford will post an EPS of $1.54 next year.
• Ford's stock is currently trading at $10.89, down 1.7% from the previous day, with multiple analyst upgrades resulting in a mixed rating of "Hold" and target prices ranging from $10.37 to $13.00.

Ford Motor Company (NYSE:F - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Monday, August 11th will be given a dividend of 0.15 per share by the auto manufacturer on Tuesday, September 2nd. This represents a $0.60 annualized dividend and a yield of 5.51%.

Ford Motor has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ford Motor to earn $1.54 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 39.0%.

Ford Motor Trading Down 1.7%

Ford Motor stock traded down $0.19 during mid-day trading on Wednesday, hitting $10.89. The stock had a trading volume of 78,266,346 shares, compared to its average volume of 103,191,109. The stock has a 50-day simple moving average of $10.88 and a two-hundred day simple moving average of $10.20. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $43.30 billion, a PE ratio of 8.71, a P/E/G ratio of 3.31 and a beta of 1.49. Ford Motor has a 12 month low of $8.44 and a 12 month high of $11.97.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.30 by $0.07. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. As a group, sell-side analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Insider Transactions at Ford Motor

In other Ford Motor news, insider Andrew Frick sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the completion of the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ford Motor

An institutional investor recently raised its position in Ford Motor stock. Empowered Funds LLC grew its stake in Ford Motor Company (NYSE:F - Free Report) by 41.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,760 shares of the auto manufacturer's stock after buying an additional 43,385 shares during the quarter. Empowered Funds LLC's holdings in Ford Motor were worth $1,482,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 58.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on F. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. UBS Group boosted their price objective on Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Citigroup raised their target price on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group raised their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.37.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.

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