Ford Motor (NYSE:F) Shares Down 4% - Here's What Happened

Key Points

• Ford shares fell 4% to about $14.03 during Tuesday trading, with roughly 46.3 million shares changing hands.
• Analyst sentiment remains mixed: Ford has an overall “Hold” rating and an average price target of $15.68, despite recent target increases from Piper Sandler, Bank of America and TD Cowen.
• Ford beat quarterly expectations with $0.42 in EPS versus $0.33 forecast and $48.3 billion in revenue, while revenue declined 3.8% year over year; the company also maintains a $0.15 quarterly dividend, yielding about 4.3%.

Ford Motor Company (NYSE:F - Get Free Report)'s stock price traded down 4% during trading on Tuesday . The company traded as low as $13.87 and last traded at $14.0330. Approximately 46,291,980 shares changed hands during trading, a decline of 20% from the average daily volume of 58,223,898 shares. The stock had previously closed at $14.62.

Analyst Ratings Changes

A number of equities research analysts have issued reports on F shares. Dbs Bank raised shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. Piper Sandler increased their target price on shares of Ford Motor from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Zacks Research lowered Ford Motor from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Bank of America increased their price objective on Ford Motor from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, May 29th. Finally, TD Cowen lifted their price objective on Ford Motor from $13.00 to $15.00 and gave the stock a "hold" rating in a research report on Wednesday, July 29th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $15.68.

Ford Motor Price Performance

The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The firm's 50-day moving average is $14.11 and its 200-day moving average is $13.53. The company has a market cap of $55.96 billion, a PE ratio of -7.50, a PEG ratio of 0.30 and a beta of 1.83.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping the consensus estimate of $0.33 by $0.09. The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. Ford Motor's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. On average, equities analysts anticipate that Ford Motor Company will post 1.86 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor's payout ratio is currently -32.09%.

Hedge Funds Weigh In On Ford Motor

A number of institutional investors have recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new stake in shares of Ford Motor in the 4th quarter worth about $25,000. McMillan Office Inc. bought a new stake in Ford Motor in the fourth quarter worth $26,000. Legacy Wealth Managment LLC ID grew its position in Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer's stock valued at $27,000 after purchasing an additional 1,230 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Ford Motor by 55.4% during the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer's stock valued at $28,000 after buying an additional 837 shares during the last quarter. Finally, Caldwell Trust Co increased its holdings in shares of Ford Motor by 605.8% in the 1st quarter. Caldwell Trust Co now owns 2,534 shares of the auto manufacturer's stock worth $29,000 after purchasing an additional 2,175 shares in the last quarter. Institutional investors own 58.74% of the company's stock.

Ford Motor Company Profile

Ford Motor Company NYSE: F is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford's business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.

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