Ford Motor (NYSE:F) Trading Down 1.9% – Here’s What Happened

Ford Motor Company (NYSE:F) shares fell 1.9% on Wednesday . The company traded as low as $13.81 and last traded at $13.8570. 63,637,041 shares were traded during trading, a decline of 9% from the average session volume of 70,266,234 shares. The stock had previously closed at $14.13.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on F. Wall Street Zen lowered shares of Ford Motor from a “buy” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. boosted their target price on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. TD Cowen raised their price target on Ford Motor from $13.00 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, January 13th. Citigroup lifted their price objective on Ford Motor from $11.00 to $13.50 and gave the company a “neutral” rating in a research note on Monday, October 27th. Finally, Barclays increased their target price on Ford Motor from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.02.

Ford Motor Stock Performance

The company’s fifty day moving average price is $13.66 and its two-hundred day moving average price is $12.73. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.94 and a current ratio of 1.07. The firm has a market capitalization of $55.21 billion, a PE ratio of -6.73, a price-to-earnings-growth ratio of 0.34 and a beta of 1.66.

Ford Motor (NYSE:F) last released its earnings results on Tuesday, February 10th. The auto manufacturer reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $45.89 billion during the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a negative net margin of 4.37% and a positive return on equity of 10.16%. Ford Motor’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 earnings per share. As a group, equities analysts expect that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, February 13th. Ford Motor’s dividend payout ratio is presently -29.13%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtue Capital Management LLC increased its stake in Ford Motor by 8,797.9% during the fourth quarter. Virtue Capital Management LLC now owns 688,784 shares of the auto manufacturer’s stock worth $9,037,000 after acquiring an additional 681,043 shares during the last quarter. Beacon Pointe Advisors LLC grew its holdings in shares of Ford Motor by 2.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 238,290 shares of the auto manufacturer’s stock worth $3,126,000 after purchasing an additional 5,552 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Ford Motor during the 4th quarter worth about $1,240,000. Mackenzie Financial Corp increased its position in Ford Motor by 453.7% during the 4th quarter. Mackenzie Financial Corp now owns 2,144,285 shares of the auto manufacturer’s stock worth $28,313,000 after purchasing an additional 1,757,002 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Ford Motor by 45.2% in the fourth quarter. NewEdge Advisors LLC now owns 341,120 shares of the auto manufacturer’s stock valued at $4,476,000 after buying an additional 106,261 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.