Ford Motor (NYSE:F) Stock Price Down 1.4% – Time to Sell?

Ford Motor Company (NYSE:F)’s stock price dropped 1.4% during trading on Wednesday . The stock traded as low as $11.66 and last traded at $11.6750. Approximately 37,628,843 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 67,898,250 shares. The stock had previously closed at $11.84.

Analysts Set New Price Targets

A number of analysts have weighed in on F shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $12.00 target price on shares of Ford Motor in a research report on Wednesday, February 11th. JPMorgan Chase & Co. increased their price target on Ford Motor from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Wall Street Zen downgraded Ford Motor from a “buy” rating to a “sell” rating in a report on Saturday, February 14th. Bank of America began coverage on Ford Motor in a research report on Wednesday, March 4th. They set a “buy” rating and a $17.00 price objective on the stock. Finally, UBS Group upped their target price on Ford Motor from $12.50 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.29.

Ford Motor Trading Down 1.4%

The company has a market cap of $46.58 billion, a price-to-earnings ratio of -5.67, a price-to-earnings-growth ratio of 0.27 and a beta of 1.65. The business’s fifty day moving average price is $13.25 and its 200 day moving average price is $12.94. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.07 and a quick ratio of 0.94.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, February 11th. The auto manufacturer reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $45.89 billion during the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.Ford Motor’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.39 earnings per share. Research analysts anticipate that Ford Motor Company will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $0.60 annualized dividend and a dividend yield of 5.1%. Ford Motor’s dividend payout ratio is presently -29.13%.

Insider Activity at Ford Motor

In related news, insider William Clay Ford, Jr. acquired 140,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $13.82 per share, with a total value of $1,934,800.00. Following the completion of the purchase, the insider directly owned 3,912,600 shares in the company, valued at $54,072,132. The trade was a 3.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in shares of Ford Motor by 110.7% during the fourth quarter. Grove Bank & Trust now owns 1,903 shares of the auto manufacturer’s stock worth $25,000 after buying an additional 1,000 shares during the period. MV Capital Management Inc. acquired a new position in Ford Motor in the fourth quarter valued at $25,000. McMillan Office Inc. acquired a new position in Ford Motor in the fourth quarter valued at $26,000. Olistico Wealth LLC bought a new stake in Ford Motor during the fourth quarter valued at $26,000. Finally, Corsicana & Co. bought a new stake in Ford Motor during the third quarter valued at $25,000. Institutional investors own 58.74% of the company’s stock.

Ford Motor Company Profile

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.