Ford Motor (NYSE:F) Shares Up 2.7%

Ford Motor (NYSE:F)’s share price shot up 2.7% during mid-day trading on Wednesday . The stock traded as high as $12.80 and last traded at $12.78. 11,351,072 shares were traded during mid-day trading, a decline of 79% from the average session volume of 53,829,082 shares. The stock had previously closed at $12.44.

Analyst Ratings Changes

Several brokerages have issued reports on F. UBS Group lowered shares of Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Wednesday, January 17th. BNP Paribas downgraded shares of Ford Motor from an “outperform” rating to a “neutral” rating and set a $12.00 target price on the stock. in a research report on Wednesday, December 13th. Barclays upped their target price on shares of Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Piper Sandler assumed coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Finally, Citigroup increased their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company 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 given a buy rating to the stock. Based on data from MarketBeat.com, Ford Motor currently has an average rating of “Hold” and a consensus price target of $13.75.

Ford Motor Trading Up 1.6 %

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.20 and a quick ratio of 1.04. The stock has a market capitalization of $52.75 billion, a PE ratio of 12.29, a PEG ratio of 1.04 and a beta of 1.63. The stock’s 50 day simple moving average is $12.19 and its two-hundred day simple moving average is $11.70.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.17. Ford Motor had a net margin of 2.47% and a return on equity of 18.95%. The company had revenue of $43.21 billion for the quarter, compared to analysts’ expectations of $43.06 billion. During the same period in the prior year, the company posted $0.51 EPS. Ford Motor’s revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts expect that Ford Motor will post 1.88 EPS for the current year.

Ford Motor Dividend Announcement

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

Insiders Place Their Bets

In other Ford Motor news, CAO Mark Kosman sold 26,898 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Trading of Ford Motor

A number of large investors have recently made changes to their positions in F. RB Capital Management LLC lifted its holdings in Ford Motor by 14.6% during the first quarter. RB Capital Management LLC now owns 27,339 shares of the auto manufacturer’s stock valued at $462,000 after purchasing an additional 3,477 shares in the last quarter. Fairfield Bush & CO. purchased a new stake in shares of Ford Motor during the first quarter valued at about $37,000. Synovus Financial Corp raised its position in shares of Ford Motor by 275.4% in the 1st quarter. Synovus Financial Corp now owns 111,481 shares of the auto manufacturer’s stock valued at $1,886,000 after purchasing an additional 81,783 shares during the last quarter. Blair William & Co. IL raised its position in shares of Ford Motor by 17.3% in the 1st quarter. Blair William & Co. IL now owns 325,778 shares of the auto manufacturer’s stock valued at $5,509,000 after purchasing an additional 47,959 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Ford Motor by 3.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 564,002 shares of the auto manufacturer’s stock worth $9,537,000 after buying an additional 16,498 shares during the period. 58.74% of the stock is currently owned by institutional investors.

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.