Ford Motor (NYSE:F) Shares Down 2.9% - Here's What Happened

Key Points

• Ford shares fell 2.9% to about $11.90 in Thursday trading, on volume roughly 40% below its daily average.
• Analyst views remain mostly cautious: the consensus rating is Hold, with an average price target of $15.02. Several firms recently lowered their targets.
• Ford beat quarterly EPS and revenue estimates, reporting $0.49 per share and $49.53 billion in revenue, though revenue declined 2% year over year. The company also declared a $0.15 quarterly dividend, equivalent to a 5.0% annualized yield.

Ford Motor Company (NYSE:F - Get Free Report)'s stock price fell 2.9% during trading on Thursday. The stock traded as low as $11.87 and last traded at $11.8950. Approximately 33,305,278 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 55,297,508 shares. The stock had previously closed at $12.25.

Wall Street Analysts Forecast Growth

F has been the topic of several analyst reports. Morgan Stanley cut their price target on Ford Motor from $14.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 29th. UBS Group lowered their target price on Ford Motor from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, October 7th. JPMorgan Chase & Co. lowered their target price on Ford Motor from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Wall Street Zen cut Ford Motor from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, BNP Paribas Exane decreased their price target on Ford Motor from $13.50 to $13.00 and set a "neutral" rating for the company in a report on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $15.02.

Ford Motor Stock Down 2.9%

The business's fifty day simple moving average is $12.65 and its two-hundred day simple moving average is $13.32. The company has a market cap of $47.50 billion, a PE ratio of -6.04, a PEG ratio of 0.23 and a beta of 1.88. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94.

Ford Motor (NYSE:F - Get Free Report) last posted its earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.08. Ford Motor had a negative net margin of 4.17% and a positive return on equity of 18.89%. The business had revenue of $49.53 billion for the quarter, compared to analyst estimates of $49.08 billion. During the same period in the prior year, the company posted $0.45 EPS. The company's revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Ford Motor Company will post 1.90 earnings per share for the current year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 10th. This represents a $0.60 dividend on an annualized basis and a yield of 5.0%. Ford Motor's dividend payout ratio is currently -30.46%.

Institutional Trading of Ford Motor

Institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Ford Motor in the 2nd quarter valued at $4,649,131,000. State Street Corp raised its position in Ford Motor by 0.8% during the second quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer's stock worth $2,697,153,000 after acquiring an additional 1,492,186 shares during the period. Bank of America Corp DE raised its position in Ford Motor by 318.0% during the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer's stock worth $1,006,703,000 after acquiring an additional 55,100,244 shares during the period. Bank of New York Mellon Corp purchased a new position in Ford Motor during the second quarter valued at $717,218,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Ford Motor by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer's stock valued at $547,379,000 after purchasing an additional 1,585,557 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

Ford Motor Company Profile

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit. Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.

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