Ford Motor (NYSE:F) Shares Up 0.9%

Ford Motor (NYSE:F)’s share price shot up 0.9% during mid-day trading on Thursday . The stock traded as high as $12.17 and last traded at $12.15. 9,358,934 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 52,821,285 shares. The stock had previously closed at $12.04.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on F. UBS Group lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Wednesday, January 17th. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a report on Wednesday, February 7th. Redburn Atlantic began coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Barclays boosted their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Citigroup boosted their price target 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. 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.com, the company has an average rating of “Hold” and an average price target of $13.82.

Ford Motor Trading Down 0.1 %

The company has a debt-to-equity ratio of 2.33, a quick ratio of 1.04 and a current ratio of 1.20. The company has a market capitalization of $47.80 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 0.96 and a beta of 1.63. The business’s 50-day simple moving average is $12.61 and its 200-day simple moving average is $11.76.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $43.21 billion for the quarter, compared to the consensus estimate of $43.06 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Ford Motor will post 1.9 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

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

Insider Activity at Ford Motor

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

Institutional Trading of Ford Motor

A number of hedge funds have recently modified their holdings of the company. Meridian Wealth Management LLC increased its stake in Ford Motor by 86.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock worth $8,170,000 after purchasing an additional 304,923 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Ford Motor by 15.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock worth $4,171,000 after purchasing an additional 44,581 shares in the last quarter. Pearl River Capital LLC increased its stake in Ford Motor by 174.2% during the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock worth $4,125,000 after purchasing an additional 211,037 shares in the last quarter. TIAA Trust National Association bought a new stake in Ford Motor during the 3rd quarter worth approximately $1,104,000. Finally, Mackenzie Financial Corp increased its stake in Ford Motor by 110.5% during the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock worth $8,460,000 after purchasing an additional 367,977 shares in the last quarter. 58.74% of the stock is currently 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.