Ford Motor (NYSE:F) Shares Down 1.1% – Time to Sell?

Shares of Ford Motor Company (NYSE:F) dropped 1.1% on Wednesday . The stock traded as low as $13.79 and last traded at $13.83. 38,065,526 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 60,212,180 shares. The stock had previously closed at $13.98.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. BNP Paribas Exane upped their price target on shares of Ford Motor from $14.00 to $14.50 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Citigroup upgraded shares of Ford Motor from a “neutral” rating to a “buy” rating and increased their price objective for the company from $19.00 to $20.00 in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a report on Wednesday, June 24th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ford Motor presently has a consensus rating of “Hold” and an average target price of $15.68.

Ford Motor Price Performance

The firm has a 50 day simple moving average of $14.19 and a 200-day simple moving average of $13.49. The company has a quick ratio of 0.93, a current ratio of 1.09 and a debt-to-equity ratio of 3.07. The company has a market cap of $57.46 billion, a PE ratio of -7.69, a price-to-earnings-growth ratio of 0.29 and a beta of 1.82.

Ford Motor (NYSE:F) last announced its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Ford Motor had a negative net margin of 3.93% and a positive return on equity of 17.23%. The business had revenue of $48.30 billion during the quarter, compared to the consensus estimate of $47.24 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The firm’s revenue was down 3.8% on a year-over-year basis. As a group, research analysts predict that Ford Motor Company will post 1.86 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s dividend payout ratio is presently -32.09%.

Institutional Investors Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of F. Norges Bank acquired a new stake in Ford Motor during the 4th quarter worth $674,437,000. SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Ford Motor in the fourth quarter valued at about $1,769,000. TD Asset Management Inc lifted its stake in shares of Ford Motor by 11.0% in the fourth quarter. TD Asset Management Inc now owns 1,908,234 shares of the auto manufacturer’s stock worth $25,036,000 after buying an additional 189,310 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Ford Motor by 2.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after buying an additional 103,423 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Ford Motor by 22.4% during the first quarter. Public Employees Retirement System of Ohio now owns 2,001,319 shares of the auto manufacturer’s stock worth $23,095,000 after acquiring an additional 366,218 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Company Profile

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.