Ford Motor (NYSE:F) Trading Up 2.5%

Ford Motor (NYSE:F) shares shot up 2.5% during trading on Friday . The stock traded as high as $12.55 and last traded at $12.54. 17,535,510 shares changed hands during trading, a decline of 65% from the average session volume of 50,797,559 shares. The stock had previously closed at $12.23.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on F. Citigroup increased their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, May 2nd. Royal Bank of Canada increased their price target on shares of Ford Motor from $12.00 to $13.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. UBS Group increased their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Finally, Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Ford Motor presently has an average rating of “Hold” and a consensus price target of $13.89.

Ford Motor Stock Up 2.5 %

The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The company has a market capitalization of $50.06 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 0.79 and a beta of 1.61. The firm’s 50-day simple moving average is $12.21 and its 200-day simple moving average is $12.24.

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

Ford Motor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s payout ratio is 61.86%.

Insider Transactions at Ford Motor

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Ford Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Ford Motor during the 4th quarter valued at about $475,899,000. Coatue Management LLC bought a new position in Ford Motor during the 4th quarter valued at about $149,152,000. Newport Trust Company LLC lifted its holdings in Ford Motor by 4.5% during the 4th quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock valued at $1,891,610,000 after purchasing an additional 6,667,808 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Ford Motor by 6.3% during the 4th quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock valued at $721,065,000 after purchasing an additional 3,522,965 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its holdings in Ford Motor by 1,084.8% during the 4th quarter. International Assets Investment Management LLC now owns 2,696,966 shares of the auto manufacturer’s stock valued at $32,876,000 after purchasing an additional 2,469,344 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

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.