Ford Motor (NYSE:F) Shares Down 2.4% – Should You Sell?

Ford Motor Company (NYSE:F) traded down 2.4% on Thursday . The company traded as low as $13.75 and last traded at $13.79. Approximately 58,994,571 shares traded hands during mid-day trading, a decline of 3% from the average session volume of 60,837,543 shares. The stock had previously closed at $14.13.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays boosted their price objective on Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Morgan Stanley reiterated an “equal weight” rating and set a $14.00 target price on shares of Ford Motor in a research report on Wednesday, May 13th. UBS Group boosted their price target on shares of Ford Motor from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, June 8th. JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Finally, 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. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.68.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The firm’s 50 day moving average is $14.48 and its 200-day moving average is $13.48. The company has a market cap of $54.95 billion, a PE ratio of -7.37, a PEG ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a positive return on equity of 17.23% and a negative net margin of 3.93%.The business had revenue of $48.30 billion during the quarter, compared to analyst estimates of $47.24 billion. During the same period in the prior year, the business earned $0.37 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. On average, research analysts anticipate that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.4%. Ford Motor’s dividend payout ratio (DPR) is -32.09%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of F. MV Capital Management Inc. acquired a new stake in Ford Motor during the fourth quarter worth about $25,000. McMillan Office Inc. acquired a new position in Ford Motor in the 4th quarter valued at about $26,000. Johnson Financial Group Inc. grew its stake in shares of Ford Motor by 55.4% in the 3rd quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock valued at $28,000 after buying an additional 837 shares during the period. Legacy Wealth Managment LLC ID increased its holdings in shares of Ford Motor by 108.4% during the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,230 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds 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.