Ford Motor (NYSE:F) Trading Down 1.1%

Ford Motor (NYSE:F) shares dropped 1.1% on Friday . The company traded as low as $12.61 and last traded at $12.90. Approximately 23,820,766 shares changed hands during trading, a decline of 56% from the average daily volume of 53,898,578 shares. The stock had previously closed at $13.04.

Analysts Set New Price Targets

A number of research analysts have recently commented on F shares. UBS Group increased their price objective on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday. Redburn Atlantic started coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective on the stock. Barclays increased their price objective on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Morgan Stanley raised their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, February 13th. Finally, Piper Sandler started coverage on Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $14.02.

Ford Motor Trading Down 1.9 %

The stock has a market capitalization of $50.82 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 1.02 and a beta of 1.63. The business has a 50 day simple moving average of $12.61 and a 200-day simple moving average of $11.79. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04.

Ford Motor (NYSE:F) last released its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.56% and a net margin of 2.21%. The business had revenue of $42.78 billion for the quarter, compared to analyst estimates of $42.93 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Ford Motor’s revenue was up 3.1% on a year-over-year basis. As a group, equities analysts expect that Ford Motor will post 1.9 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.69%. Ford Motor’s payout ratio is presently 61.86%.

Insider Buying and Selling

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ford Motor

Several institutional investors and hedge funds have recently made changes to their positions in F. Whittier Trust Co. of Nevada Inc. lifted its stake in Ford Motor by 835.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,059 shares of the auto manufacturer’s stock worth $25,000 after purchasing an additional 1,839 shares during the last quarter. Fortis Group Advisors LLC lifted its stake in Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after purchasing an additional 1,086 shares during the last quarter. Milestone Investment Advisors LLC bought a new stake in Ford Motor during the third quarter worth $27,000. Voisard Asset Management Group Inc. bought a new stake in Ford Motor during the fourth quarter worth $27,000. Finally, Financial Synergies Wealth Advisors Inc. lifted its stake in Ford Motor by 1,997.9% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

Ford Motor Company Profile

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.