Ford Motor (NYSE:F) Stock Price Down 1.9%

Shares of Ford Motor (NYSE:F) fell 1.9% during trading on Thursday . The stock traded as low as $12.69 and last traded at $12.70. 18,373,598 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 53,410,754 shares. The stock had previously closed at $12.95.

Analysts Set New Price Targets

Several research firms have recently commented on F. Barclays boosted 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. Royal Bank of Canada boosted 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. Morgan Stanley boosted 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 Tuesday, February 13th. Citigroup upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, Piper Sandler assumed 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. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $14.02.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.32, a current ratio of 1.17 and a quick ratio of 1.04. The firm has a market cap of $50.74 billion, a P/E ratio of 13.16, a PEG ratio of 1.01 and a beta of 1.63. The stock’s 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $11.79.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same quarter in the previous year, the business posted $0.63 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts forecast that Ford Motor will post 1.94 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s payout ratio is presently 61.86%.

Insider Transactions at Ford Motor

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Pinnacle Associates Ltd. grew its holdings in Ford Motor by 2.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after acquiring an additional 817 shares in the last quarter. Sterling Investment Counsel LLC grew its holdings in Ford Motor by 19.6% during the 1st quarter. Sterling Investment Counsel LLC now owns 15,800 shares of the auto manufacturer’s stock worth $210,000 after acquiring an additional 2,590 shares in the last quarter. LifeSteps Financial Inc. bought a new position in Ford Motor during the 1st quarter worth about $128,000. YHB Investment Advisors Inc. bought a new position in Ford Motor during the 1st quarter worth about $44,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of Ford Motor during the first quarter valued at about $943,000. 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.