Ford Motor (NYSE:F) Trading 0.3% Higher After Dividend Announcement

Shares of Ford Motor (NYSE:F - Get Free Report) were up 0.3% during mid-day trading on Tuesday after the company announced a dividend. The company traded as high as $10.13 and last traded at $10.06. Approximately 37,139,906 shares traded hands during trading, a decline of 49% from the average daily volume of 72,414,069 shares. The stock had previously closed at $10.02.The newly announced dividend which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 12th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.99%. Ford Motor's dividend payout ratio is currently 41.10%.

Analyst Upgrades and Downgrades

F has been the topic of several recent research reports. Evercore ISI dropped their target price 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. UBS Group dropped their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. TD Cowen started coverage on Ford Motor in a research note on Friday, March 7th. They issued a "hold" rating and a $10.00 target price on the stock. Piper Sandler lowered their price target on shares of Ford Motor from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Thursday, March 20th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $9.00 price objective (down previously from $11.00) on shares of Ford Motor in a research note on Thursday, April 10th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $9.77.

Ford Motor Stock Performance

The company has a market cap of $39.73 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 0.61 and a beta of 1.41. The stock's fifty day simple moving average is $9.65 and its 200 day simple moving average is $10.10. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. As a group, analysts anticipate that Ford Motor will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently modified their holdings of F. Grove Bank & Trust lifted its holdings in Ford Motor by 289.1% in 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 during the last quarter. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in Ford Motor in the 4th quarter valued at about $29,000. Flagship Wealth Advisors LLC acquired a new position in Ford Motor in the fourth quarter valued at about $30,000. Finally, MorganRosel Wealth Management LLC purchased a new position in Ford Motor during the first quarter worth about $30,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.