Ford Motor (NYSE:F) Stock Price Up 4%

Ford Motor (NYSE:F) shot up 4% during mid-day trading on Monday . The company traded as high as $12.72 and last traded at $12.62. Approximately 27,267,060 shares traded hands during trading, a decline of 48% from the average daily volume of 52,687,195 shares. The stock had previously closed at $12.14.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barclays increased their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler started coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective on the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 7th. UBS Group lowered 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. Finally, Citigroup lifted their target price on Ford Motor from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.82.

Ford Motor Price Performance

The company has a market capitalization of $51.44 billion, a P/E ratio of 11.99, a PEG ratio of 1.02 and a beta of 1.63. 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 business has a 50 day simple moving average of $12.59 and a 200-day simple moving average of $11.77.

Ford Motor (NYSE:F) last released its quarterly earnings data on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.17. The business had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 EPS. Analysts predict that Ford Motor will post 1.9 EPS for the current fiscal year.

Ford Motor Announces Dividend

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

Insider Transactions at Ford Motor

In related news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at $88,988.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Ford Motor in the fourth quarter worth approximately $475,899,000. Coatue Management LLC acquired a new stake in Ford Motor during the 4th quarter valued at $149,152,000. Newport Trust Company LLC boosted its position in shares of Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after buying an additional 6,667,808 shares during the period. Fisher Asset Management LLC raised its position in Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after buying an additional 3,522,965 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in Ford Motor by 151.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,496,403 shares of the auto manufacturer’s stock worth $55,845,000 after acquiring an additional 2,707,038 shares during the period. 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.