Ford Motor (NYSE:F) Hits New 52-Week High - Here's Why

Key Points

• Ford Motor's stock price reached a new 52-week high of $12.28 on Friday, marking a significant increase from its previous close of $11.62.
• The company reported quarterly earnings of $0.37 per share, surpassing analysts' expectations of $0.33, and achieved a revenue of $50.18 billion, significantly higher than the projected $42.91 billion.
• Ford has declared a quarterly dividend of $0.15 per share, yielding 5.0%, with a payout ratio of 76.92% as of the last report.

Ford Motor Company (NYSE:F - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $12.28 and last traded at $12.23, with a volume of 55544550 shares trading hands. The stock had previously closed at $11.62.

Analyst Ratings Changes

A number of analysts have issued reports on F shares. Piper Sandler lifted their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a report on Thursday, July 31st. Jefferies Financial Group boosted their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the stock an "underperform" rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a research report on Sunday, July 20th. JPMorgan Chase & Co. boosted their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research report on Monday, July 21st. Finally, Dbs Bank lowered Ford Motor from a "hold" rating to a "moderate sell" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $10.43.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.24, a current ratio of 1.10 and a quick ratio of 0.95. The company has a market cap of $47.84 billion, a PE ratio of 15.39, a P/E/G ratio of 3.34 and a beta of 1.52. The company has a 50-day moving average price of $11.47 and a two-hundred day moving average price of $10.72.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The firm had revenue of $50.18 billion during the quarter, compared to analysts' expectations of $42.91 billion. Ford Motor had a return on equity of 12.46% and a net margin of 1.70%.Ford Motor's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Sell-side analysts expect that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, August 11th. Ford Motor's dividend payout ratio is presently 76.92%.

Insider Activity

In related news, insider Andrew Frick sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total value of $330,000.00. Following the transaction, the insider owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Ford Motor

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Ford Motor by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 462,245,997 shares of the auto manufacturer's stock valued at $5,015,369,000 after acquiring an additional 4,585,636 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ford Motor by 3.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 145,172,134 shares of the auto manufacturer's stock worth $1,575,118,000 after purchasing an additional 5,118,228 shares during the period. Geode Capital Management LLC increased its stake in Ford Motor by 17.9% during the second quarter. Geode Capital Management LLC now owns 103,784,031 shares of the auto manufacturer's stock valued at $1,122,434,000 after purchasing an additional 15,748,694 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Ford Motor by 6,915.1% during the first quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after purchasing an additional 48,378,444 shares during the period. Finally, Norges Bank bought a new position in shares of Ford Motor in the 2nd quarter worth about $405,328,000. Institutional investors own 58.74% of the company's stock.

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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