Ford Motor (NYSE:F) Stock Price Down 3.2% – Should You Sell?

Ford Motor Company (NYSE:F) traded down 3.2% on Tuesday . The company traded as low as $16.63 and last traded at $16.1410. 97,471,183 shares changed hands during trading, an increase of 22% from the average session volume of 79,678,736 shares. The stock had previously closed at $16.6690.

Analyst Ratings Changes

Several equities research analysts recently commented on F shares. Wells Fargo & Company cut their price objective on shares of Ford Motor from $11.00 to $10.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 31st. Bank of America boosted their price objective on shares of Ford Motor from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday. Zacks Research cut shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 16th. The Goldman Sachs Group cut their price objective on shares of Ford Motor from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, UBS Group cut their price objective on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Ford Motor presently has an average rating of “Hold” and an average target price of $14.20.

Ford Motor Stock Down 2.9%

The firm has a market capitalization of $64.32 billion, a P/E ratio of -10.41, a PEG ratio of 0.38 and a beta of 1.79. The firm’s 50-day moving average is $12.82 and its 200 day moving average is $13.16. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The business had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. During the same period in the previous year, the firm posted $0.14 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Ford Motor Company will post 1.61 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, May 12th. Ford Motor’s payout ratio is presently -38.71%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Ford Motor in the 4th quarter valued at $674,437,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in shares of Ford Motor during the 4th quarter worth about $1,769,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Ford Motor by 2.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after purchasing an additional 103,423 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Ford Motor during the 3rd quarter worth about $893,000. Finally, Versor Investments LP acquired a new position in shares of Ford Motor during the 3rd quarter worth about $2,187,000. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.