Ford Motor (NYSE:F) Cut to Sell at StockNews.com

StockNews.com cut shares of Ford Motor (NYSE:F) from a hold rating to a sell rating in a research report report published on Thursday morning.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group cut their target price on shares of Ford Motor from $14.00 to $12.00 and set a neutral rating on the stock in a research note on Thursday. Sanford C. Bernstein assumed coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They issued an outperform rating and a $16.00 target price on the stock. Barclays lowered their price objective on shares of Ford Motor from $17.00 to $16.00 and set an overweight rating for the company in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a sector perform rating in a research report on Thursday, April 25th. Finally, Citigroup boosted their price objective on shares of Ford Motor from $16.00 to $18.00 and gave the company a buy rating in a research report on Thursday, May 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of Hold and an average price target of $13.79.

Ford Motor Stock Performance

Shares of F stock opened at $11.19 on Thursday. Ford Motor has a 12 month low of $9.63 and a 12 month high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 0.99. The firm has a market capitalization of $44.67 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.73 and a beta of 1.62. The company’s fifty day moving average price is $12.55 and its two-hundred day moving average price is $12.42.

Ford Motor (NYSE:F) last issued its quarterly earnings data 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 return on equity of 15.28% and a net margin of 2.13%. The firm had revenue of $47.81 billion during the quarter, compared to analyst estimates of $47.79 billion. During the same quarter in the prior year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts anticipate that Ford Motor will post 1.98 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.36%. Ford Motor’s dividend payout ratio is presently 61.86%.

Insider Buying and Selling

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares in the company, valued at $2,038,386.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Olistico Wealth LLC acquired a new position in Ford Motor in the 2nd quarter worth approximately $25,000. Financial Synergies Wealth Advisors Inc. lifted its position in Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,938 shares in the last quarter. Family Firm Inc. purchased a new stake in Ford Motor in the 2nd quarter worth approximately $26,000. Fortis Group Advisors LLC lifted its position in Ford Motor by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock worth $26,000 after buying an additional 1,086 shares in the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new stake in Ford Motor in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds 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.