Ford Motor (NYSE:F) Shares Down 1.7% – Here’s Why

Ford Motor Company (NYSE:F) traded down 1.7% on Tuesday . The company traded as low as $12.75 and last traded at $12.7850. 70,236,779 shares were traded during trading, a decline of 28% from the average session volume of 98,017,578 shares. The stock had previously closed at $13.01.

Analyst Ratings Changes

Several analysts have issued reports on F shares. Citigroup upped their target price on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a report on Monday, October 27th. Dbs Bank cut shares of Ford Motor from a “hold” rating to a “moderate sell” rating in a research note on Monday, August 4th. Wells Fargo & Company raised their price target on shares of Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Friday, October 24th. UBS Group upped their price objective on Ford Motor from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ford Motor in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $11.73.

Ford Motor Stock Down 1.7%

The company has a market cap of $50.94 billion, a PE ratio of 11.02, a P/E/G ratio of 4.03 and a beta of 1.53. The business’s 50 day moving average is $12.04 and its 200-day moving average is $11.24. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.12 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion during the quarter, compared to the consensus estimate of $43.08 billion. During the same period in the prior year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, analysts predict that Ford Motor Company will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 7th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.7%. Ford Motor’s payout ratio is currently 51.72%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently added to or reduced their stakes in the stock. Corsicana & Co. purchased a new stake in shares of Ford Motor during the third quarter worth approximately $25,000. Trust Co. of Toledo NA OH purchased a new stake in Ford Motor in the 2nd quarter valued at approximately $25,000. Salomon & Ludwin LLC lifted its holdings in shares of Ford Motor by 86.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,333 shares of the auto manufacturer’s stock valued at $30,000 after buying an additional 1,083 shares during the period. Capital A Wealth Management LLC raised its position in Ford Motor by 990.9% in the second quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Country Trust Bank purchased a new stake in shares of Ford Motor during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.