Ford Motor (NYSE:F) Shares Down 3.7% – Time to Sell?

Shares of Ford Motor Company (NYSE:F) traded down 3.7% on Thursday . The stock traded as low as $13.82 and last traded at $13.97. Approximately 40,922,626 shares changed hands during mid-day trading, a decline of 31% from the average daily volume of 59,412,648 shares. The stock had previously closed at $14.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on F shares. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. TD Cowen upped their price objective on shares of Ford Motor from $13.00 to $15.00 and gave the company 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 stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group boosted their price target on Ford Motor from $14.00 to $17.00 and gave the company a “buy” rating in a report on Monday, June 8th. Finally, Royal Bank Of Canada increased their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 29th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.68.

Ford Motor Stock Performance

The company has a market cap of $55.71 billion, a price-to-earnings ratio of -7.47, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a current ratio of 1.09, a quick ratio of 0.93 and a debt-to-equity ratio of 3.07. The stock’s 50 day moving average price is $14.14 and its 200 day moving average price is $13.50.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, July 28th. The auto manufacturer reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $47.24 billion. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts expect that Ford Motor Company will post 1.86 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. Ford Motor’s payout ratio is currently -32.09%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in F. Headlands Technologies LLC purchased a new stake in Ford Motor during the second quarter valued at about $164,000. Two Sigma Securities LLC purchased a new position in shares of Ford Motor in the 2nd quarter worth about $1,025,000. Benjamin Edwards Inc. lifted its stake in shares of Ford Motor by 139.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 160,894 shares of the auto manufacturer’s stock valued at $2,236,000 after purchasing an additional 93,788 shares in the last quarter. Flputnam Investment Management Co. grew its holdings in shares of Ford Motor by 4.1% during the 2nd quarter. Flputnam Investment Management Co. now owns 168,230 shares of the auto manufacturer’s stock worth $2,338,000 after purchasing an additional 6,668 shares during the period. Finally, Cookson Peirce & Co. Inc. grew its holdings in shares of Ford Motor by 25.1% during the 2nd quarter. Cookson Peirce & Co. Inc. now owns 106,595 shares of the auto manufacturer’s stock worth $1,482,000 after purchasing an additional 21,370 shares during the period. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.