Ford Motor (NYSE:F) Shares Down 1.3%

Ford Motor (NYSE:F) dropped 1.3% during mid-day trading on Monday . The company traded as low as $12.43 and last traded at $12.45. Approximately 11,510,009 shares traded hands during trading, a decline of 78% from the average daily volume of 52,826,422 shares. The stock had previously closed at $12.61.

Analyst Upgrades and Downgrades

F has been the subject of several research analyst reports. Citigroup upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $12.00 price objective on shares of Ford Motor in a report on Wednesday, February 7th. Redburn Atlantic began coverage on Ford Motor in a report on Wednesday, January 24th. They set a “sell” rating and a $10.00 price objective for the company. Morgan Stanley increased their price objective on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Finally, UBS Group downgraded Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price objective for the company. in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.82.

Ford Motor Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 2.33. The stock has a 50 day simple moving average of $12.63 and a two-hundred day simple moving average of $11.76. The stock has a market capitalization of $48.04 billion, a P/E ratio of 11.19, a P/E/G ratio of 0.97 and a beta of 1.63.

Ford Motor (NYSE:F) last issued its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, topping the consensus estimate of $0.12 by $0.17. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company had revenue of $43.21 billion during the quarter, compared to the consensus estimate of $43.06 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a Variable dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 4.7%. Ford Motor’s dividend payout ratio is currently 55.56%.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of Ford Motor 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 completion of the transaction, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Ford Motor

Several hedge funds have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its holdings in Ford Motor by 86.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 657,842 shares of the auto manufacturer’s stock valued at $8,170,000 after acquiring an additional 304,923 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Ford Motor by 15.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after acquiring an additional 44,581 shares in the last quarter. Pearl River Capital LLC raised its holdings in Ford Motor by 174.2% in the 3rd quarter. Pearl River Capital LLC now owns 332,161 shares of the auto manufacturer’s stock valued at $4,125,000 after acquiring an additional 211,037 shares in the last quarter. TIAA Trust National Association acquired a new position in Ford Motor in the 3rd quarter valued at $1,104,000. Finally, Mackenzie Financial Corp raised its holdings in Ford Motor by 110.5% in the 3rd quarter. Mackenzie Financial Corp now owns 700,928 shares of the auto manufacturer’s stock valued at $8,460,000 after acquiring an additional 367,977 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.