Ford Motor (NYSE:F) Trading Down 4% – What’s Next?

Ford Motor Company (NYSE:F) shares dropped 4% on Tuesday . The company traded as low as $13.87 and last traded at $14.0330. 46,291,980 shares were traded during trading, a decline of 20% from the average daily volume of 58,223,898 shares. The stock had previously closed at $14.62.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Ford Motor in a research report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Ford Motor from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wells Fargo & Company increased their target price on shares of Ford Motor from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Thursday, June 25th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Barclays lifted their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Ford Motor has a consensus rating of “Hold” and a consensus target price of $15.68.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.93 and a current ratio of 1.09. The stock has a 50 day moving average of $14.11 and a 200-day moving average of $13.53. The company has a market cap of $55.96 billion, a PE ratio of -7.50, a price-to-earnings-growth ratio of 0.30 and a beta of 1.83.

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

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Tuesday, August 11th. Ford Motor’s payout ratio is currently -32.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S purchased a new stake in shares of Ford Motor during the 2nd quarter worth about $12,555,000. Brown Lisle Cummings Inc. increased its holdings in Ford Motor by 48.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 37,957 shares of the auto manufacturer’s stock worth $528,000 after acquiring an additional 12,348 shares in the last quarter. Amundi increased its holdings in Ford Motor by 15.2% in the 2nd quarter. Amundi now owns 16,675,388 shares of the auto manufacturer’s stock worth $231,787,000 after acquiring an additional 2,205,080 shares in the last quarter. Advus Financial Partners LLC acquired a new position in Ford Motor during the second quarter worth $162,000. Finally, California State Teachers Retirement System lifted its holdings in Ford Motor by 1,439.1% during the second quarter. California State Teachers Retirement System now owns 83,893,103 shares of the auto manufacturer’s stock valued at $1,166,114,000 after purchasing an additional 78,442,394 shares in the last quarter. Hedge funds and other institutional investors own 58.74% of the company’s stock.

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.