Ford Motor (NYSE:F) Trading Down 2.8% – Time to Sell?

Ford Motor Company (NYSE:F) shares fell 2.8% during mid-day trading on Friday . The stock traded as low as $14.68 and last traded at $14.9050. 60,624,349 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 63,644,668 shares. The stock had previously closed at $15.34.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Citigroup increased their price objective on shares of Ford Motor from $13.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, June 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ford Motor in a report on Friday, March 27th. UBS Group cut their price target on shares of Ford Motor from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $13.00 price objective on shares of Ford Motor in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $14.20.

Ford Motor Trading Down 2.8%

The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market cap of $59.39 billion, a PE ratio of -9.62, a price-to-earnings-growth ratio of 0.32 and a beta of 1.79. The stock has a 50-day simple moving average of $13.12 and a two-hundred day simple moving average of $13.22.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $43.25 billion for the quarter, compared to the consensus estimate of $42.66 billion. During the same quarter last year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ford Motor Company will post 1.64 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, May 12th. Ford Motor’s payout ratio is -38.71%.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently modified their holdings of F. Grove Bank & Trust increased its position in Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock valued at $25,000 after acquiring an additional 1,000 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of Ford Motor during the 4th quarter valued at about $25,000. Olistico Wealth LLC purchased a new stake in shares of Ford Motor during the 4th quarter valued at about $26,000. McMillan Office Inc. purchased a new stake in shares of Ford Motor during the 4th quarter valued at about $26,000. Finally, Legacy Wealth Managment LLC ID lifted its stake in shares of Ford Motor by 108.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,230 shares during the period. 58.74% of the stock is owned by 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.