Ford Motor Company (NYSE:F - Get Free Report) fell 1.4% during trading on Tuesday . The company traded as low as $11.71 and last traded at $11.72. 14,718,128 shares were traded during trading, a decline of 82% from the average session volume of 82,941,707 shares. The stock had previously closed at $11.88.
Wall Street Analyst Weigh In
A number of research firms have recently commented on F. Piper Sandler lifted their target price on Ford Motor from $8.50 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 22nd. UBS Group lifted their price objective on Ford Motor from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday. Wall Street Zen lowered Ford Motor from a "hold" rating to a "sell" rating in a report on Saturday, July 12th. Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Citigroup lifted 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. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.30.
Get Our Latest Stock Analysis on Ford Motor
Ford Motor Stock Down 0.5%
The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The firm has a market cap of $44.12 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.49. The stock has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $10.11.
Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto manufacturer reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The company had revenue of $40.66 billion during the quarter, compared to analyst estimates of $35.99 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Ford Motor's revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.
Ford Motor Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend was Monday, May 12th. Ford Motor's payout ratio is currently 48.00%.
Insider Activity at Ford Motor
In other Ford Motor news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $11.00, for a total transaction of $330,000.00. Following the transaction, the insider directly owned 113,939 shares of the company's stock, valued at approximately $1,253,329. This trade represents a 20.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.48% of the company's stock.
Institutional Trading of Ford Motor
A number of institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust lifted 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 buying an additional 1,882 shares during the period. Elite Financial Inc. bought a new stake in shares of Ford Motor during the 1st quarter valued at about $27,000. Olde Wealth Management LLC bought a new stake in shares of Ford Motor during the 1st quarter valued at about $28,000. MorganRosel Wealth Management LLC bought a new position in shares of Ford Motor during the 1st quarter valued at approximately $30,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of Ford Motor during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 58.74% of the company's stock.
About Ford Motor
(
Get Free Report)
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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