Ford Motor (NYSE:F) Shares Up 2.7%

Ford Motor (NYSE:F)’s share price shot up 2.7% on Wednesday . The stock traded as high as $12.80 and last traded at $12.78. 11,351,072 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 53,829,082 shares. The stock had previously closed at $12.44.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on F. Morgan Stanley upped their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. HSBC began coverage on Ford Motor in a research report on Monday, December 4th. They set a “hold” rating and a $11.30 price target on the stock. BNP Paribas lowered Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 price target on the stock. in a research report on Wednesday, December 13th. Barclays upped their price target on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, UBS Group lowered Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Ford Motor Price Performance

The stock has a fifty day moving average of $12.19 and a two-hundred day moving average of $11.70. The stock has a market capitalization of $52.75 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.04 and a beta of 1.63. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 2.33.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The firm had revenue of $43.21 billion for the quarter, compared to analyst estimates of $43.06 billion. During the same period last year, the company earned $0.51 EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Ford Motor will post 1.88 earnings per share for the current year.

Ford Motor Dividend Announcement

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in Ford Motor during the second quarter worth $28,000. Fairfield Bush & CO. bought a new position in Ford Motor during the 2nd quarter worth $29,000. 1832 Asset Management L.P. raised its position in Ford Motor by 349.4% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,000 shares of the auto manufacturer’s stock worth $30,000 after purchasing an additional 1,555 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Ford Motor by 835.9% during the 4th 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 during the last quarter. Finally, Cornerstone Planning Group LLC acquired a new stake in Ford Motor during the 2nd quarter worth about $31,000. Institutional investors and hedge funds 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.