Ford Motor (NYSE:F) Shares Up 1.1%

Shares of Ford Motor (NYSE:F) shot up 1.1% on Wednesday . The stock traded as high as $11.15 and last traded at $11.10. 11,414,229 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 54,165,027 shares. The stock had previously closed at $10.98.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on F. StockNews.com upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada dropped their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating on the stock in a research report on Monday, August 12th. Evercore ISI raised Ford Motor to a “hold” rating in a research report on Friday, July 26th. Wolfe Research assumed coverage on Ford Motor in a research report on Thursday. They set a “peer perform” rating on the stock. Finally, The Goldman Sachs Group cut their target price on Ford Motor from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and an average target price of $13.48.

Ford Motor Trading Down 1.7 %

The stock has a market cap of $42.98 billion, a PE ratio of 11.10, a PEG ratio of 0.81 and a beta of 1.62. The company’s fifty day moving average is $11.74 and its 200-day moving average is $12.16. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 1.00.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company had revenue of $47.81 billion for the quarter, compared to analysts’ expectations of $47.79 billion. During the same quarter in the prior year, the business posted $0.72 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, analysts predict that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Wednesday, August 7th. Ford Motor’s payout ratio is currently 61.86%.

Institutional Trading of Ford Motor

A number of institutional investors and hedge funds have recently modified their holdings of F. Norges Bank purchased a new position in Ford Motor in the 4th quarter valued at $475,899,000. Coatue Management LLC purchased a new position in shares of Ford Motor in the fourth quarter worth about $149,152,000. Dimensional Fund Advisors LP lifted its stake in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Newport Trust Company LLC boosted its position in Ford Motor by 4.5% during 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 acquiring an additional 6,667,808 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Ford Motor by 6.3% in the 4th quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after acquiring an additional 3,521,520 shares during the last quarter. Hedge funds and other institutional investors 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.