Ford Motor (NYSE:F) Stock Price Down 0.5% - Here's Why

Ford Motor (NYSE:F - Get Free Report)'s share price dropped 0.5% on Thursday . The stock traded as low as $10.34 and last traded at $10.43. Approximately 29,889,601 shares changed hands during trading, a decline of 61% from the average daily volume of 75,957,003 shares. The stock had previously closed at $10.48.

Wall Street Analyst Weigh In

Several analysts have recently commented on F shares. Sanford C. Bernstein cut shares of Ford Motor from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. BNP Paribas upgraded shares of Ford Motor to a "hold" rating in a report on Monday, February 10th. Evercore ISI cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. Wolfe Research upgraded shares of Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Barclays increased their price objective on shares of Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.03.

Ford Motor Stock Down 0.5%

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's 50 day simple moving average is $9.96 and its 200-day simple moving average is $10.06. The stock has a market capitalization of $41.46 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 0.61 and a beta of 1.53.

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

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Monday, May 12th. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Institutional Trading of Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after buying an additional 57,182,803 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Ford Motor by 6,915.1% in the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock valued at $492,253,000 after buying an additional 48,378,444 shares in the last quarter. Norges Bank acquired a new position in Ford Motor during the 4th quarter worth approximately $387,282,000. Nuveen LLC acquired a new position in Ford Motor during the 1st quarter worth approximately $123,147,000. Finally, Charles Schwab Investment Management Inc. increased its position 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 in the last quarter. Institutional investors 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.

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