Ford Motor (NYSE:F) Reaches New 12-Month High - Should You Buy?

Key Points

• Ford Motor Company's shares reached a new 52-week high of $11.98, demonstrating significant trading activity with over 23 million shares exchanged.
• Analysts have varied ratings on Ford, with two giving a Buy rating, twelve a Hold, and three a Sell, while the overall consensus rating sits at "Reduce."
• The company will issue a quarterly dividend of $0.15 per share on September 2nd, resulting in an annualized dividend yield of 5.0%.

Ford Motor Company (NYSE:F - Get Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $11.98 and last traded at $11.97, with a volume of 23448816 shares traded. The stock had previously closed at $11.84.

Wall Street Analyst Weigh In

F has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price target on Ford Motor from $10.00 to $11.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. boosted their price target on Ford Motor from $12.00 to $13.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Barclays boosted their price target on Ford Motor from $9.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 16th. UBS Group boosted their price target on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Piper Sandler boosted their price target on Ford Motor from $9.00 to $9.50 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Ford Motor currently has a consensus rating of "Reduce" and an average target price of $10.53.

Ford Motor Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.95 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $47.54 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 3.38 and a beta of 1.48. The stock's 50-day moving average is $11.27 and its two-hundred day moving average is $10.38.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $50.18 billion for the quarter, compared to analyst estimates of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.46%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. On average, equities analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.0%. Ford Motor's dividend payout ratio (DPR) is currently 76.92%.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. This trade 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 is accessible through this link. Corporate insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of F. Vanguard Group Inc. lifted its stake in shares of Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock worth $4,590,333,000 after buying an additional 55,576,478 shares during the period. Pacer Advisors Inc. lifted its stake 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 buying an additional 48,378,444 shares during the period. Norges Bank acquired a new stake in shares of Ford Motor during the second quarter worth $405,328,000. Marshall Wace LLP lifted its stake in shares of Ford Motor by 712.7% during the second quarter. Marshall Wace LLP now owns 19,572,437 shares of the auto manufacturer's stock worth $212,361,000 after buying an additional 17,164,234 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of 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 worth $1,122,434,000 after buying an additional 15,748,694 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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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