Ford Motor (NYSE:F) Trading 2% Higher - Here's What Happened

Ford Motor Company (NYSE:F - Get Free Report) traded up 2% during trading on Tuesday . The stock traded as high as $11.78 and last traded at $11.83. 20,511,406 shares were traded during trading, a decline of 75% from the average session volume of 82,687,428 shares. The stock had previously closed at $11.59.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on F. Barclays raised their price objective on Ford Motor from $8.00 to $9.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. The Goldman Sachs Group raised their target price on shares of Ford Motor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 6th. Piper Sandler raised their target price on shares of 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 cut their target price on shares of Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Finally, Wolfe Research raised Ford Motor from an "underperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $10.03.

Ford Motor Stock Up 0.9%

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 stock's 50-day moving average is $10.59 and its 200-day moving average is $10.04. The company has a market cap of $46.49 billion, a price-to-earnings ratio of 9.35, a P/E/G ratio of 0.99 and a beta of 1.49.

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 the consensus estimate of ($0.02) by $0.16. Ford Motor had a net margin of 2.74% and a return on equity of 13.49%. The firm had revenue of $40.66 billion for the quarter, compared to the consensus estimate of $35.99 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The business's revenue was down 6.2% on a year-over-year basis. On average, analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a dividend of $0.15 per share. 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 5.13%. Ford Motor's dividend payout ratio (DPR) is presently 48.00%.

Insider Buying and Selling

In related news, insider Andrew Frick sold 30,000 shares of Ford Motor stock in a transaction dated Tuesday, July 1st. The stock was 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 approximately $1,253,329. This trade represents a 20.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.48% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in F. Proficio Capital Partners LLC grew its holdings in shares of Ford Motor by 10.1% during the fourth quarter. Proficio Capital Partners LLC now owns 12,118 shares of the auto manufacturer's stock worth $120,000 after purchasing an additional 1,112 shares in the last quarter. E Fund Management Co. Ltd. purchased a new position in shares of Ford Motor in the fourth quarter valued at about $101,000. PNC Financial Services Group Inc. increased its position in shares of Ford Motor by 0.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,097,103 shares of the auto manufacturer's stock valued at $10,861,000 after acquiring an additional 3,318 shares during the period. Larson Financial Group LLC raised its holdings in shares of Ford Motor by 10.4% during the fourth quarter. Larson Financial Group LLC now owns 71,695 shares of the auto manufacturer's stock valued at $710,000 after acquiring an additional 6,761 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC raised its holdings in shares of Ford Motor by 8.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 48,460 shares of the auto manufacturer's stock valued at $480,000 after acquiring an additional 3,699 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company's stock.

About Ford Motor

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.