Ford Motor (NYSE:F) Shares Down 0.3% – Here’s What Happened

Ford Motor (NYSE:F)’s stock price traded down 0.3% on Friday . The stock traded as low as $9.59 and last traded at $9.71. 24,748,966 shares changed hands during trading, a decline of 58% from the average session volume of 58,664,402 shares. The stock had previously closed at $9.74.

Wall Street Analyst Weigh In

Several research firms recently commented on F. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research note on Tuesday, October 29th. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. Morgan Stanley lowered Ford Motor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $13.00 in a research report on Tuesday, October 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and an average target price of $11.83.

Ford Motor Trading Down 0.8 %

The firm’s 50-day moving average price is $10.47 and its 200 day moving average price is $11.02. The company has a market cap of $38.39 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.89 and a beta of 1.64. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period last year, the company posted $0.39 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is currently 68.18%.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of F. Los Angeles Capital Management LLC lifted its holdings in shares of Ford Motor by 53.6% in the second quarter. Los Angeles Capital Management LLC now owns 31,510 shares of the auto manufacturer’s stock valued at $395,000 after purchasing an additional 10,999 shares in the last quarter. Main Street Financial Solutions LLC lifted its stake in Ford Motor by 14.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 43,331 shares of the auto manufacturer’s stock valued at $543,000 after acquiring an additional 5,630 shares in the last quarter. Meeder Advisory Services Inc. boosted its holdings in Ford Motor by 39.8% during the 2nd quarter. Meeder Advisory Services Inc. now owns 88,351 shares of the auto manufacturer’s stock worth $1,108,000 after acquiring an additional 25,167 shares during the last quarter. Stoneridge Investment Partners LLC bought a new stake in shares of Ford Motor in the 2nd quarter worth $1,542,000. Finally, Thoroughbred Financial Services LLC raised its holdings in shares of Ford Motor by 8.0% in the second quarter. Thoroughbred Financial Services LLC now owns 16,130 shares of the auto manufacturer’s stock valued at $202,000 after purchasing an additional 1,192 shares during the last quarter. 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.