Ford Motor (NYSE:F) Shares Down 1.1%

Ford Motor (NYSE:F) traded down 1.1% during mid-day trading on Wednesday . The company traded as low as $11.94 and last traded at $12.09. 56,392,158 shares traded hands during trading, an increase of 21% from the average session volume of 46,440,924 shares. The stock had previously closed at $12.23.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Piper Sandler initiated coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price objective for the company. Citigroup lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Barclays lifted their price target on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. UBS Group cut Ford Motor from a “buy” rating to a “neutral” rating and set a $12.00 price target for the company. in a report on Wednesday, January 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $12.00 price target on shares of Ford Motor in a report on Wednesday, February 7th. One investment 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. According to MarketBeat, Ford Motor presently has an average rating of “Hold” and a consensus target price of $13.82.

Ford Motor Stock Performance

The stock has a 50-day moving average of $12.60 and a 200 day moving average of $11.76. 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 $47.94 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 0.95 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its earnings results on Tuesday, February 6th. The auto manufacturer reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.17. The company had revenue of $43.21 billion during the quarter, compared to analyst estimates of $43.06 billion. Ford Motor had a return on equity of 18.95% and a net margin of 2.47%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 EPS. On average, analysts expect that Ford Motor will post 1.9 EPS for the current year.

Ford Motor Dividend Announcement

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

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares in the company, valued at approximately $88,988.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently modified their holdings of the business. AJ Wealth Strategies LLC boosted its stake in Ford Motor by 2.7% in the first quarter. AJ Wealth Strategies LLC now owns 31,374 shares of the auto manufacturer’s stock valued at $531,000 after buying an additional 820 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Ford Motor by 29.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock valued at $44,000 after buying an additional 828 shares in the last quarter. First United Bank & Trust boosted its stake in Ford Motor by 5.4% in the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock valued at $201,000 after buying an additional 850 shares in the last quarter. First Manhattan Co. boosted its stake in Ford Motor by 6.7% in the fourth quarter. First Manhattan Co. now owns 13,649 shares of the auto manufacturer’s stock valued at $159,000 after buying an additional 853 shares in the last quarter. Finally, Lee Financial Co boosted its stake in Ford Motor by 3.6% in the fourth quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock valued at $303,000 after buying an additional 854 shares in the last quarter. Institutional investors 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.