Ford Motor (NYSE:F) Stock Price Down 0.3%

Shares of Ford Motor (NYSE:F) fell 0.3% during trading on Wednesday . The stock traded as low as $11.95 and last traded at $12.05. 10,341,620 shares changed hands during trading, a decline of 80% from the average session volume of 50,847,527 shares. The stock had previously closed at $12.09.

Analysts Set New Price Targets

Several brokerages have commented on F. Barclays raised their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Sanford C. Bernstein began coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price on the stock. Citigroup raised their target price on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Piper Sandler began coverage on shares of Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ford Motor has a consensus rating of “Hold” and an average price target of $13.89.

Ford Motor Stock Up 1.0 %

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 0.99. The firm’s 50 day moving average is $12.19 and its two-hundred day moving average is $12.22. The firm has a market capitalization of $48.83 billion, a P/E ratio of 12.61, a PEG ratio of 0.78 and a beta of 1.61.

Ford Motor (NYSE:F) last released its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.07. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. During the same period in the previous year, the business posted $0.63 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts predict that Ford Motor will post 2.02 EPS for the current year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 dividend on an annualized basis and a yield of 4.91%. Ford Motor’s dividend payout ratio (DPR) is 61.86%.

Insiders Place Their Bets

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of Ford Motor stock in a transaction on Friday, May 24th. The stock was 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 owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its stake in Ford Motor by 15.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 342,150 shares of the auto manufacturer’s stock valued at $4,171,000 after purchasing an additional 44,581 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in Ford Motor by 616.0% in the third quarter. Axxcess Wealth Management LLC now owns 300,951 shares of the auto manufacturer’s stock valued at $3,738,000 after purchasing an additional 258,920 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Ford Motor by 11.9% in the third quarter. Public Sector Pension Investment Board now owns 421,118 shares of the auto manufacturer’s stock valued at $5,230,000 after purchasing an additional 44,805 shares in the last quarter. CVA Family Office LLC acquired a new position in Ford Motor in the fourth quarter valued at about $56,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in Ford Motor by 21.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 12,352,718 shares of the auto manufacturer’s stock worth $153,421,000 after acquiring an additional 2,190,915 shares in the last quarter. 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.