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

Ford Motor Company (NYSE:F - Get Free Report) shares were down 1.6% during mid-day trading on Monday . The stock traded as low as $11.60 and last traded at $11.63. Approximately 19,477,821 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 82,708,005 shares. The stock had previously closed at $11.81.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Ford Motor from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Citigroup increased their price objective on Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Piper Sandler raised their price objective on Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded Ford Motor from a "sell" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Barclays boosted their price target on Ford Motor from $8.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of "Hold" and an average target price of $10.03.

Ford Motor Stock Performance

The business has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.02. The company has a market cap of $46.61 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.01 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.13 and a quick ratio of 0.97.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The company's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.49 earnings per share. On average, sell-side analysts predict that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.12%. The ex-dividend date was Monday, May 12th. Ford Motor's payout ratio is 48.00%.

Insider Activity

In other news, insider Andrew Frick sold 30,000 shares of the firm'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 completion of the transaction, the insider directly owned 113,939 shares in the company, valued at $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Grove Bank & Trust raised its position in Ford Motor by 289.1% during the first quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock valued at $25,000 after acquiring an additional 1,882 shares in the last quarter. Elite Financial Inc. purchased a new position in Ford Motor during the first quarter valued at approximately $27,000. Olde Wealth Management LLC purchased a new position in Ford Motor during the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC purchased a new position in Ford Motor during the first quarter valued at approximately $30,000. Finally, Flagship Wealth Advisors LLC purchased a new position in Ford Motor during the fourth quarter valued at approximately $30,000. 58.74% of the stock is currently owned by hedge funds and other 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.