Ford Motor (NYSE:F) Stock Price Down 4.1% - Here's What Happened

Shares of Ford Motor (NYSE:F - Get Free Report) dropped 4.1% during mid-day trading on Monday . The stock traded as low as $9.88 and last traded at $9.95. Approximately 54,964,181 shares were traded during trading, a decline of 29% from the average daily volume of 77,586,427 shares. The stock had previously closed at $10.38.

Wall Street Analyst Weigh In

Several brokerages have recently commented on F. Piper Sandler upped their price target on Ford Motor from $8.50 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen cut shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Finally, Evercore ISI dropped their target price on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $10.03.

Ford Motor Stock Down 1.5%

The firm has a market cap of $40.10 billion, a PE ratio of 6.91, a PEG ratio of 0.61 and a beta of 1.53. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a 50 day moving average price of $10.00 and a 200-day moving average price of $10.01.

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 (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.16. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. The company had revenue of $40.66 billion during the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The firm's quarterly revenue was down 6.2% on a year-over-year basis. Research analysts forecast that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.95%. Ford Motor's dividend payout ratio is currently 48.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Ford Motor by 13.8% in the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock valued at $4,590,333,000 after buying an additional 55,576,478 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ford Motor by 8.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 140,053,906 shares of the auto manufacturer's stock worth $1,404,741,000 after purchasing an additional 10,947,527 shares during the period. Geode Capital Management LLC grew its position in Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock worth $830,662,000 after purchasing an additional 2,089,127 shares during the last quarter. Pacer Advisors Inc. boosted 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. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock worth $460,444,000 after buying an additional 4,925,993 shares during the last quarter. Institutional investors and hedge funds 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.