Ford Motor (NYSE:F) Trading Down 2.3% - Here's Why

Key Points

• Ford Motor Company's stock declined by 2.3%, trading between $10.72 and $10.82, with a significant drop in trading volume by 76% from average levels.
• Several analysts have revised their target prices for Ford, with JPMorgan raising it from $12.00 to $13.00, while Sanford C. Bernstein downgraded it to $7.00, reflecting mixed sentiments about the company's performance.
• Ford recently announced a quarterly dividend of $0.15 per share, representing a 5.6% dividend yield, indicating continued returns to shareholders despite the stock price fluctuations.

Ford Motor Company (NYSE:F - Get Free Report)'s stock price traded down 2.3% on Friday . The company traded as low as $10.72 and last traded at $10.82. 24,523,615 shares traded hands during trading, a decline of 76% from the average session volume of 102,611,430 shares. The stock had previously closed at $11.07.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on F shares. JPMorgan Chase & Co. raised their target price on Ford Motor from $12.00 to $13.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Barclays upped their target price on Ford Motor from $9.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. Citigroup upped their target price on Ford Motor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Sanford C. Bernstein downgraded Ford Motor from a "market perform" rating to an "underperform" rating and dropped their target price for the company from $9.40 to $7.00 in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group boosted their price target on Ford Motor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Tuesday, May 6th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $10.40.

Ford Motor Price Performance

The firm has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $10.21. The stock has a market capitalization of $42.69 billion, a P/E ratio of 13.77, a PEG ratio of 3.19 and a beta of 1.49. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.97 and a current ratio of 1.13.

Ford Motor (NYSE:F - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The auto manufacturer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.04. The firm had revenue of $50.18 billion during the quarter, compared to the consensus estimate of $42.91 billion. Ford Motor had a net margin of 1.70% and a return on equity of 12.49%. The company's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. As a group, analysts expect that Ford Motor Company will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, August 11th. Ford Motor's dividend payout ratio is 48.00%.

Insider Transactions at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider owned 113,939 shares of the company's stock, valued at $1,253,329. This represents a 20.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Ford Motor by 13.8% during the first quarter. Vanguard Group Inc. now owns 457,660,361 shares of the auto manufacturer's stock worth $4,590,333,000 after buying an additional 55,576,478 shares during the period. Pacer Advisors Inc. lifted its position in Ford Motor by 6,915.1% during the 1st quarter. Pacer Advisors Inc. now owns 49,078,048 shares of the auto manufacturer's stock worth $492,253,000 after acquiring an additional 48,378,444 shares during the period. Nuveen LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $123,147,000. Charles Schwab Investment Management Inc. lifted 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 acquiring an additional 10,947,527 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer's stock worth $222,872,000 after acquiring an additional 10,535,335 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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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