Ford Motor (NYSE:F) Shares Down 1.6% - Here's What Happened

Key Points

• Ford Motor Company's shares fell by 1.6% to last trade at $11.31, with trading volume significantly declined by 86% from the average.
• Equities analysts raised their price targets for Ford, with estimates now ranging from $9.50 to $13.00, while the consensus rating remains a "Reduce" with an average price target of $10.53.
• Ford announced a quarterly dividend of $0.15 per share, resulting in an annualized yield of 5.3%, with a payout ratio of approximately 76.92%.

Ford Motor Company (NYSE:F - Get Free Report) traded down 1.6% during trading on Thursday . The stock traded as low as $11.20 and last traded at $11.31. 13,993,607 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 98,695,586 shares. The stock had previously closed at $11.49.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler increased their price objective on Ford Motor from $9.00 to $9.50 and gave the company a "neutral" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a report on Monday, July 21st. Jefferies Financial Group increased their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "underperform" rating in a report on Monday, August 11th. Citigroup increased their price objective on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target 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 stock has a market cap of $45.15 billion, a PE ratio of 14.55, a PEG ratio of 3.35 and a beta of 1.48. The business has a 50-day moving average price of $11.18 and a 200 day moving average price of $10.32.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 11th. Ford Motor's 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 on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the sale, the insider directly owned 113,939 shares in the company, valued at approximately $1,253,329. The trade was a 20.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company's stock.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in F. Grove Bank & Trust boosted its holdings in shares of Ford Motor by 289.1% in the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after purchasing an additional 1,882 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Ford Motor in the 2nd quarter worth about $25,000. Elite Financial Inc. purchased a new position in shares of Ford Motor in the 1st quarter worth about $27,000. Country Trust Bank purchased a new position in shares of Ford Motor in the 2nd quarter worth about $27,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Ford Motor in the 1st quarter worth about $28,000. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

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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