Ford Motor (NYSE:F) Trading Down 2.3% – What’s Next?

Shares of Ford Motor (NYSE:F) were down 2.3% during trading on Wednesday . The company traded as low as $10.28 and last traded at $10.32. Approximately 22,748,393 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 53,741,984 shares. The stock had previously closed at $10.56.

Analyst Ratings Changes

A number of research firms have recently issued reports on F. The Goldman Sachs Group upgraded Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.00 to $13.00 in a report on Tuesday, October 1st. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a report on Thursday, December 5th. Barclays decreased their target price on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, November 7th. Finally, Wells Fargo & Company decreased 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. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Ford Motor currently has an average rating of “Hold” and a consensus price target of $12.08.

Ford Motor Price Performance

The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a market capitalization of $41.29 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.90 and a beta of 1.62. The firm has a fifty day moving average of $10.85 and a 200 day moving average of $11.33.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $46.20 billion during the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, equities research analysts anticipate that Ford Motor will post 1.81 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Insight Wealth Partners LLC boosted its stake in Ford Motor by 1.9% during the second quarter. Insight Wealth Partners LLC now owns 44,144 shares of the auto manufacturer’s stock valued at $554,000 after buying an additional 843 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in Ford Motor by 2.9% during the 2nd quarter. Pallas Capital Advisors LLC now owns 29,850 shares of the auto manufacturer’s stock valued at $374,000 after acquiring an additional 846 shares during the period. Meridian Financial Partners LLC grew its position in Ford Motor by 1.1% in the 3rd quarter. Meridian Financial Partners LLC now owns 85,471 shares of the auto manufacturer’s stock valued at $903,000 after acquiring an additional 953 shares during the last quarter. Apollon Wealth Management LLC increased its stake in Ford Motor by 1.1% in the third quarter. Apollon Wealth Management LLC now owns 92,950 shares of the auto manufacturer’s stock worth $982,000 after purchasing an additional 969 shares during the period. Finally, Beaird Harris Wealth Management LLC lifted its position in shares of Ford Motor by 3.0% during the second quarter. Beaird Harris Wealth Management LLC now owns 33,534 shares of the auto manufacturer’s stock worth $421,000 after purchasing an additional 982 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.