Ford Motor (NYSE:F) Trading Down 3% – Here’s What Happened

Ford Motor Company (NYSE:F) shares were down 3% during trading on Wednesday . The stock traded as low as $13.93 and last traded at $13.9820. Approximately 42,779,295 shares traded hands during trading, a decline of 31% from the average daily volume of 62,434,195 shares. The stock had previously closed at $14.41.

Analysts Set New Price Targets

A number of research firms have weighed in on F. Bank of America boosted their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. The Goldman Sachs Group boosted their target price on shares of Ford Motor from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $13.00 target price on shares of Ford Motor in a research note on Friday, May 15th. Wells Fargo & Company decreased their target price on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Citigroup boosted their target price on shares of Ford Motor from $13.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, June 1st. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $14.63.

Ford Motor Trading Down 3.0%

The business’s 50 day simple moving average is $13.57 and its two-hundred day simple moving average is $13.31. The stock has a market cap of $55.71 billion, a P/E ratio of -9.02, a PEG ratio of 0.32 and a beta of 1.79. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Ford Motor’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts expect that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s payout ratio is currently -38.71%.

Institutional Trading of Ford Motor

Several institutional investors have recently modified their holdings of the business. First National Bank of Mount Dora Trust Investment Services bought a new stake in shares of Ford Motor in the first quarter worth $268,000. Pine Valley Investments Ltd Liability Co grew its stake in shares of Ford Motor by 593.6% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 55,305 shares of the auto manufacturer’s stock worth $638,000 after purchasing an additional 47,331 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Ford Motor by 5.8% in the first quarter. NewEdge Advisors LLC now owns 360,824 shares of the auto manufacturer’s stock worth $4,164,000 after purchasing an additional 19,704 shares during the last quarter. Foguth Wealth Management LLC. grew its stake in shares of Ford Motor by 42.7% in the first quarter. Foguth Wealth Management LLC. now owns 56,232 shares of the auto manufacturer’s stock worth $649,000 after purchasing an additional 16,834 shares during the last quarter. Finally, Maripau Wealth Management LLC grew its stake in shares of Ford Motor by 1.6% in the first quarter. Maripau Wealth Management LLC now owns 46,606 shares of the auto manufacturer’s stock worth $538,000 after purchasing an additional 749 shares during the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.