Ford Motor (NYSE:F) Shares Up 2.2% - Here's Why

Key Points

• Ford shares rose 2.2% to $14.15 in heavy trading, reaching an intraday high of $14.24.
• Analyst sentiment remains mixed: Citigroup and Bank of America upgraded or reiterated bullish views with $20 price targets, while the overall consensus rating is Hold with a $15.68 target.
• Ford exceeded quarterly expectations, reporting $0.42 in EPS versus $0.33 expected and $48.30 billion in revenue, while maintaining a quarterly dividend of $0.15 per share, yielding approximately 4.2%.

Shares of Ford Motor Company (NYSE:F - Get Free Report) were up 2.2% during trading on Wednesday . The company traded as high as $14.24 and last traded at $14.15. 56,188,763 shares changed hands during trading, a decline of 4% from the average daily volume of 58,539,645 shares. The stock had previously closed at $13.84.

Wall Street Analyst Weigh In

Several research analysts have weighed in on F shares. The Goldman Sachs Group increased their target price on shares of Ford Motor from $13.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Ford Motor from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Citigroup raised shares of Ford Motor from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $19.00 to $20.00 in a research report on Wednesday, July 29th. Dbs Bank upgraded shares of Ford Motor from a "hold" rating to a "moderate buy" rating in a report on Tuesday, August 11th. Finally, Bank of America boosted their target price on Ford Motor from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 29th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $15.68.

Ford Motor Trading Up 2.2%

The stock has a market cap of $56.42 billion, a PE ratio of -7.57, a P/E/G ratio of 0.29 and a beta of 1.83. The business's fifty day moving average is $14.08 and its 200 day moving average is $13.52. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07.

Ford Motor (NYSE:F - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.09. The company had revenue of $48.30 billion for the quarter, compared to analysts' expectations of $47.24 billion. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The firm's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.37 EPS. As a group, analysts predict that Ford Motor Company will post 1.86 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, August 11th. Ford Motor's dividend payout ratio (DPR) is currently -32.09%.

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Caxton Associates LLP bought a new stake in shares of Ford Motor in the 1st quarter worth $304,000. Empowered Funds LLC boosted its position in shares of Ford Motor by 41.6% during the 1st quarter. Empowered Funds LLC now owns 147,760 shares of the auto manufacturer's stock valued at $1,482,000 after purchasing an additional 43,385 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Ford Motor in the 2nd quarter worth approximately $172,000. NewEdge Advisors LLC grew its stake in shares of Ford Motor by 26.3% in the 2nd quarter. NewEdge Advisors LLC now owns 267,895 shares of the auto manufacturer's stock worth $2,907,000 after purchasing an additional 55,741 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Ford Motor by 1.5% in the 2nd quarter. Treasurer of the State of North Carolina now owns 1,823,614 shares of the auto manufacturer's stock worth $19,786,000 after purchasing an additional 26,526 shares in the last quarter. Institutional investors and hedge funds own 58.74% of the company's stock.

About Ford Motor

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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