Ford Motor (NYSE:F) Stock Price Up 4.1% – Should You Buy?

Ford Motor Company (NYSE:F) shares shot up 4.1% during mid-day trading on Wednesday . The company traded as high as $12.25 and last traded at $12.1650. 48,507,484 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 58,365,094 shares. The stock had previously closed at $11.69.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on F. UBS Group dropped their target price on Ford Motor from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company dropped their target price on Ford Motor from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Tuesday, March 31st. Zacks Research cut Ford Motor from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Piper Sandler raised Ford Motor from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $11.00 to $16.00 in a report on Thursday, January 8th. Finally, Wall Street Zen raised Ford Motor from a “sell” rating to a “buy” rating in a report on Saturday. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ford Motor has an average rating of “Hold” and a consensus target price of $13.56.

Ford Motor Trading Up 4.1%

The business has a 50 day simple moving average of $12.30 and a 200 day simple moving average of $13.00. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.09 and a quick ratio of 0.94. The company has a market cap of $48.53 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 0.27 and a beta of 1.65.

Ford Motor (NYSE:F) last announced its earnings results on Wednesday, April 29th. The auto manufacturer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.18 by $0.48. The company had revenue of $43.25 billion for the quarter, compared to analysts’ expectations of $42.66 billion. Ford Motor had a positive return on equity of 15.77% and a negative net margin of 3.22%.The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. As a group, equities analysts forecast that Ford Motor Company will post 1.54 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Tuesday, May 12th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, May 12th. Ford Motor’s dividend payout ratio (DPR) is presently -38.71%.

Insider Buying and Selling

In other news, insider William Clay Ford, Jr. acquired 140,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were purchased at an average cost of $13.82 per share, for a total transaction of $1,934,800.00. Following the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This represents a 3.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Ford Motor by 2.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,345,131 shares of the auto manufacturer’s stock worth $57,008,000 after purchasing an additional 103,423 shares during the last quarter. Caprock Group LLC bought a new position in shares of Ford Motor in the 3rd quarter worth $893,000. Versor Investments LP bought a new position in shares of Ford Motor in the 3rd quarter worth $2,187,000. Quantbot Technologies LP boosted its position in shares of Ford Motor by 91.6% in the 3rd quarter. Quantbot Technologies LP now owns 179,619 shares of the auto manufacturer’s stock worth $2,148,000 after purchasing an additional 85,848 shares during the last quarter. Finally, National Pension Service boosted its position in shares of Ford Motor by 6.7% in the 3rd quarter. National Pension Service now owns 8,099,060 shares of the auto manufacturer’s stock worth $96,865,000 after purchasing an additional 510,426 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.