Ford Motor (NYSE:F) Trading 2% Higher – Here’s What Happened

Ford Motor Company (NYSE:F) shares shot up 2% on Tuesday . The company traded as high as $14.42 and last traded at $14.2750. Approximately 48,804,228 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 60,718,426 shares. The stock had previously closed at $13.99.

Analysts Set New Price Targets

F has been the subject of several recent analyst reports. Bank of America raised their target price on shares of Ford Motor from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 29th. JPMorgan Chase & Co. raised their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Friday, July 17th. Barclays lifted their price objective on shares of Ford Motor from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Ford Motor in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company raised their target price on Ford Motor from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $14.79.

Ford Motor Price Performance

The stock’s 50-day moving average is $14.40 and its 200 day moving average is $13.43. The stock has a market capitalization of $56.33 billion, a PE ratio of -9.13, a P/E/G ratio of 0.32 and a beta of 1.82. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 2.84.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.48. Ford Motor had a negative net margin of 3.22% and a positive return on equity of 15.77%. The company had revenue of $43.25 billion during the quarter, compared to analyst estimates of $42.66 billion. During the same quarter last year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Ford Motor Company will post 1.66 earnings per share for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 12th were issued a $0.15 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.2%. Ford Motor’s dividend payout ratio is currently -38.71%.

Hedge Funds Weigh In On Ford Motor

Several institutional investors have recently bought and sold shares of F. MV Capital Management Inc. acquired a new stake in Ford Motor in the 4th quarter worth approximately $25,000. Olistico Wealth LLC acquired a new position in Ford Motor during the fourth quarter valued at approximately $26,000. McMillan Office Inc. bought a new position in shares of Ford Motor in the fourth quarter valued at approximately $26,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Ford Motor by 108.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 2,365 shares of the auto manufacturer’s stock worth $27,000 after buying an additional 1,230 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted 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 buying an additional 837 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.