Ford Motor (NYSE:F) Stock Price Up 1.9% - Here's What Happened

Shares of Ford Motor Company (NYSE:F - Get Free Report) shot up 1.9% during trading on Wednesday . The stock traded as high as $11.46 and last traded at $11.41. 22,059,880 shares were traded during mid-day trading, a decline of 74% from the average session volume of 83,326,467 shares. The stock had previously closed at $11.19.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup upped their price objective on shares of Ford Motor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen raised shares of Ford Motor from a "sell" rating to a "hold" rating in a report on Sunday, July 20th. The Goldman Sachs Group upped their price objective on shares of Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, May 6th. UBS Group upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Barclays upped their price objective on shares of Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $10.37.

Ford Motor Trading Up 0.2%

The company's fifty day moving average is $10.85 and its two-hundred day moving average is $10.16. The stock has a market cap of $44.88 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 3.34 and a beta of 1.49. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 2.26.

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

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 5.32%. Ford Motor's dividend payout ratio (DPR) is 48.00%.

Insiders Place Their Bets

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total value of $330,000.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently made changes to their positions in the stock. Trust Co. of Toledo NA OH purchased a new stake in shares of Ford Motor during the 2nd quarter worth $25,000. Grove Bank & Trust raised its stake in shares of Ford Motor by 289.1% during the 1st quarter. Grove Bank & Trust now owns 2,533 shares of the auto manufacturer's stock worth $25,000 after buying an additional 1,882 shares during the last quarter. Elite Financial Inc. acquired a new position in shares of Ford Motor during the 1st quarter worth $27,000. Olde Wealth Management LLC acquired a new position in shares of Ford Motor during the 1st quarter worth $28,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of Ford Motor during the 1st quarter worth $30,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

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.