Ford Motor (NYSE:F) Reaches New 12-Month High – Here’s What Happened

Ford Motor Company (NYSE:F) shares reached a new 52-week high on Tuesday . The stock traded as high as $13.99 and last traded at $13.7350, with a volume of 22891294 shares. The stock had previously closed at $13.65.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on F. Royal Bank Of Canada upped their target price on shares of Ford Motor from $11.00 to $12.00 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Barclays upped their price objective on Ford Motor from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. UBS Group lifted their target price on Ford Motor from $11.00 to $12.50 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Ford Motor in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.04.

Ford Motor Trading Up 0.1%

The firm has a market cap of $54.45 billion, a P/E ratio of 11.79 and a beta of 1.60. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.98 and a current ratio of 1.12. The firm has a fifty day moving average of $12.83 and a 200-day moving average of $11.85.

Ford Motor (NYSE:F) last issued its earnings results on Thursday, October 23rd. The auto manufacturer reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Ford Motor had a return on equity of 11.94% and a net margin of 2.48%.The firm had revenue of $50.53 billion for the quarter, compared to analyst estimates of $43.08 billion. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts forecast that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 7th were given a $0.15 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.60 annualized dividend and a yield of 4.4%. Ford Motor’s dividend payout ratio (DPR) is currently 51.72%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Trust Co. of Toledo NA OH bought a new stake in shares of Ford Motor during the second quarter valued at approximately $25,000. Corsicana & Co. bought a new stake in Ford Motor during the 3rd quarter valued at $25,000. Country Trust Bank bought a new stake in Ford Motor during the 2nd quarter valued at $27,000. Capital A Wealth Management LLC boosted its position in Ford Motor by 990.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 2,509 shares of the auto manufacturer’s stock worth $27,000 after acquiring an additional 2,279 shares during the period. Finally, Johnson Financial Group Inc. grew its stake in shares of Ford Motor by 55.4% in the third quarter. Johnson Financial Group Inc. now owns 2,348 shares of the auto manufacturer’s stock worth $28,000 after purchasing an additional 837 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.