Ford Motor (NYSE:F) Shares Down 3% – Should You Sell?

Ford Motor Company (NYSE:F)’s stock price was down 3% during trading on Friday . The company traded as low as $12.94 and last traded at $13.1950. 109,579,444 shares traded hands during trading, an increase of 89% from the average session volume of 58,116,805 shares. The stock had previously closed at $13.61.

Wall Street Analysts Forecast Growth

F has been the topic of several analyst reports. Bank of America upped their price target on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Dbs Bank upgraded shares of Ford Motor from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, August 11th. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, TD Cowen raised their price objective on Ford Motor from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.68.

Ford Motor Trading Down 3.0%

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 firm has a market cap of $52.62 billion, a P/E ratio of -7.06, a price-to-earnings-growth ratio of 0.28 and a beta of 1.83. The business’s fifty day moving average is $14.13 and its 200-day moving average is $13.51.

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

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, August 11th. This represents a $0.60 annualized dividend and a dividend yield of 4.5%. Ford Motor’s dividend payout ratio is currently -32.09%.

Hedge Funds Weigh In On Ford Motor

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Ford Motor in the second quarter worth approximately $4,649,131,000. Geode Capital Management LLC boosted its position in shares of Ford Motor by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 106,600,353 shares of the auto manufacturer’s stock valued at $1,394,697,000 after buying an additional 1,255,349 shares during the last quarter. Bank of America Corp DE grew its holdings in Ford Motor by 318.0% during the second quarter. Bank of America Corp DE now owns 72,424,686 shares of the auto manufacturer’s stock worth $1,006,703,000 after buying an additional 55,100,244 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Ford Motor during the second quarter worth $717,218,000. Finally, Norges Bank purchased a new stake in Ford Motor in the 4th quarter valued at $674,437,000. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Co is a global automotive company that designs, manufactures, markets and services cars, trucks, sport utility vehicles and commercial vehicles. Its portfolio includes the Ford and Lincoln brands, as well as a range of gasoline-powered, hybrid and electric vehicles. Ford also provides vehicle maintenance, repair and related services through its dealer network.

The company organizes its automotive operations into Ford Blue, which focuses on traditional and hybrid vehicles; Ford Model e, which develops electric vehicles and connected technologies; and Ford Pro, which serves commercial and government customers with vehicles, software and fleet-management services.