Ford Motor (NYSE:F) Stock Price Down 1.2% – Here’s What Happened

Ford Motor Company (NYSE:F)’s share price fell 1.2% during trading on Thursday. The stock traded as low as $12.31 and last traded at $12.5240. 53,584,618 shares were traded during trading, a decline of 4% from the average session volume of 55,704,156 shares. The stock had previously closed at $12.67.

Analysts Set New Price Targets

A number of brokerages recently issued reports on F. Wall Street Zen cut shares of Ford Motor from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group reduced their price target on shares of Ford Motor from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, October 7th. Citigroup raised shares of Ford Motor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, July 29th. Morgan Stanley dropped their price objective on shares of Ford Motor from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, October 29th. Finally, Royal Bank Of Canada cut their target price on shares of Ford Motor from $15.00 to $14.00 and set a “sector perform” rating for the company in a research note on Thursday, October 29th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.02.

Ford Motor Trading Down 0.7%

The company has a debt-to-equity ratio of 2.97, a current ratio of 1.08 and a quick ratio of 0.94. The company has a market capitalization of $49.63 billion, a P/E ratio of -6.32, a PEG ratio of 0.24 and a beta of 1.88. The business’s 50-day moving average price is $12.74 and its two-hundred day moving average price is $13.34.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.08. Ford Motor had a positive return on equity of 18.89% and a negative net margin of 4.17%. The company had revenue of $49.53 billion during the quarter, compared to the consensus estimate of $49.08 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, analysts forecast that Ford Motor Company will post 1.90 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, November 10th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, November 10th. Ford Motor’s dividend payout ratio is -30.46%.

Institutional Trading of Ford Motor

A number of institutional investors have recently made changes to their positions in the business. McKinney Capital Management LLC grew its stake in shares of Ford Motor by 7.1% in the third quarter. McKinney Capital Management LLC now owns 107,258 shares of the auto manufacturer’s stock valued at $1,294,000 after buying an additional 7,150 shares in the last quarter. Bernicke Wealth Management Ltd. bought a new position in Ford Motor during the third quarter worth about $485,000. Diversified Trust Co raised its position in shares of Ford Motor by 43.2% in the third quarter. Diversified Trust Co now owns 36,729 shares of the auto manufacturer’s stock valued at $443,000 after buying an additional 11,087 shares in the last quarter. Aberdeen Group plc lifted its position in shares of Ford Motor by 32.4% during the 3rd quarter. Aberdeen Group plc now owns 10,639,204 shares of the auto manufacturer’s stock valued at $128,309,000 after acquiring an additional 2,601,988 shares during the period. Finally, Money Concepts Capital Corp lifted its holdings in shares of Ford Motor by 9.4% during the 3rd quarter. Money Concepts Capital Corp now owns 12,456 shares of the auto manufacturer’s stock worth $150,000 after acquiring an additional 1,070 shares during the period. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company designs, manufactures, markets and services vehicles under the Ford and Lincoln brands. Its lineup includes cars, trucks, sport utility vehicles and commercial vehicles, as well as battery-electric and hybrid models. The company also provides vehicle-related services and financing through Ford Credit.

Ford serves customers in North America and markets around the world, including Europe, South America and the Asia-Pacific region. Its operations include vehicle development and manufacturing, sales and after-sales support, and services for commercial fleet customers.

Founded in 1903 by Henry Ford and other investors, the company helped popularize automobile manufacturing on a large scale.