Ford Motor (NYSE:F) Stock Falls 1.3% on Analyst Downgrade

Ford Motor Company (NYSE:F)’s stock price dropped 1.3% on Wednesday after Weiss Ratings downgraded the stock from a buy (b) rating to a hold (c-) rating. The company traded as low as $12.04 and last traded at $12.1150. Approximately 33,663,942 shares traded hands during trading, a decline of 41% from the average daily volume of 57,069,734 shares. The stock had previously closed at $12.28.

A number of other brokerages also recently issued reports on F. Zacks Research lowered shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. BNP Paribas Exane increased their price objective 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. Piper Sandler lifted their target price on shares of Ford Motor from $16.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Wells Fargo & Company upped their price target on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research report on Thursday, June 25th. Finally, DZ Bank upgraded Ford Motor from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.55.

Institutional Investors Weigh In On Ford Motor

Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of Ford Motor during the 2nd quarter worth about $4,649,131,000. State Street Corp increased its position in Ford Motor by 0.8% in the 2nd quarter. State Street Corp now owns 194,039,770 shares of the auto manufacturer’s stock valued at $2,697,153,000 after buying an additional 1,492,186 shares in the last quarter. Bank of America Corp DE increased its position in Ford Motor by 318.0% in the 2nd quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock valued at $1,006,703,000 after buying an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Ford Motor during the 2nd quarter worth approximately $717,218,000. Finally, Dimensional Fund Advisors LP raised its stake in Ford Motor by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 47,442,901 shares of the auto manufacturer’s stock worth $547,379,000 after buying an additional 1,585,557 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

Ford Motor Trading Down 1.3%

The firm has a fifty day simple moving average of $13.69 and a 200-day simple moving average of $13.54. The firm has a market cap of $48.31 billion, a P/E ratio of -6.48, a price-to-earnings-growth ratio of 0.25 and a beta of 1.93. The company has a debt-to-equity ratio of 3.07, a current ratio of 1.09 and a quick ratio of 0.93.

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

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $0.60 annualized dividend and a yield of 5.0%. Ford Motor’s dividend payout ratio (DPR) is presently -32.09%.

Ford Motor Company Profile

Ford Motor Co is an American automobile manufacturer that designs, manufactures, markets and services a broad range of vehicles and mobility-related products. Its lineup includes cars, trucks, sport utility vehicles, commercial vehicles and electric vehicles sold under the Ford brand, as well as luxury vehicles marketed through its Lincoln brand.

Founded by Henry Ford in 1903 and headquartered in Dearborn, Michigan, Ford is one of the world’s oldest major automakers. The company helped popularize mass automobile production and continues to serve customers in North America, South America, Europe and other international markets through manufacturing, sales and distribution operations.

Ford organizes its operations around Ford Blue for gasoline and hybrid vehicles, Model e for electric vehicles, and Ford Pro for commercial customers and related services.