Ford Motor (NYSE:F) Stock Price Up 1.3%

Ford Motor (NYSE:F)’s stock price shot up 1.3% on Thursday . The company traded as high as $13.27 and last traded at $13.23. 14,871,856 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 53,858,035 shares. The stock had previously closed at $13.06.

Analysts Set New Price Targets

F has been the subject of a number of recent research reports. Morgan Stanley lifted their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Citigroup lifted their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Barclays upped their price target on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. Royal Bank of Canada restated a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a research report on Wednesday, February 7th. Finally, Piper Sandler began coverage on shares of Ford Motor in a research report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.75.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. The company has a market capitalization of $52.77 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.99 and a beta of 1.63. The firm’s fifty day simple moving average is $12.16 and its 200 day simple moving average is $11.69.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The firm had revenue of $43.21 billion during the quarter, compared to analyst estimates of $43.06 billion. During the same quarter in the previous year, the business earned $0.51 EPS. The business’s revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently announced a Variable dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 16th were given a dividend of $0.33 per share. This represents a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, February 15th. Ford Motor’s dividend payout ratio (DPR) is currently 55.56%.

Insider Buying and Selling at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares in the last quarter. Fortis Group Advisors LLC raised its holdings in Ford Motor by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares during the period. Milestone Investment Advisors LLC acquired a new position in shares of Ford Motor in the third quarter valued at approximately $27,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Ford Motor during the fourth quarter worth $27,000. Finally, Quarry LP acquired a new position in Ford Motor in the 2nd quarter worth $28,000. 58.74% of the stock is owned by institutional investors and hedge funds.

Ford Motor Company Profile

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.