Ford Motor (NYSE:F) Trading Down 0.4% – Here’s Why

Ford Motor (NYSE:F) shares were down 0.4% during mid-day trading on Monday . The company traded as low as $11.05 and last traded at $11.06. Approximately 6,956,077 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 53,030,938 shares. The stock had previously closed at $11.10.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Ford Motor from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $13.00 in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Ford Motor in a report on Tuesday, September 10th. Barclays reduced their price objective on shares of Ford Motor from $16.00 to $14.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Finally, Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.56.

Ford Motor Trading Down 1.3 %

The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30. The stock’s 50 day moving average is $10.75 and its 200-day moving average is $11.76. The company has a market cap of $43.76 billion, a PE ratio of 11.40, a P/E/G ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the business posted $0.72 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.47%. Ford Motor’s dividend payout ratio is presently 61.86%.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Legal & General Group Plc lifted its holdings in Ford Motor by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after buying an additional 318,715 shares in the last quarter. LSV Asset Management boosted its position in Ford Motor by 1.6% in the 2nd quarter. LSV Asset Management now owns 20,115,487 shares of the auto manufacturer’s stock valued at $252,248,000 after buying an additional 312,496 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of Ford Motor by 11.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock valued at $163,214,000 after acquiring an additional 1,214,640 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Ford Motor by 0.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,375,847 shares of the auto manufacturer’s stock worth $124,511,000 after acquiring an additional 51,035 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.