Ford Motor (NYSE:F) Stock Price Up 0.3% – Here’s What Happened

Ford Motor (NYSE:F)’s share price traded up 0.3% during mid-day trading on Monday . The company traded as high as $9.40 and last traded at $9.36. 26,832,420 shares traded hands during trading, a decline of 62% from the average session volume of 70,004,567 shares. The stock had previously closed at $9.33.

Analysts Set New Price Targets

F has been the subject of several research reports. Bank of America decreased their price objective on shares of Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Piper Sandler lowered their price objective on shares of Ford Motor from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Thursday, March 20th. TD Cowen began coverage on Ford Motor in a report on Friday, March 7th. They set a “hold” rating and a $10.00 target price on the stock. StockNews.com cut Ford Motor from a “hold” rating to a “sell” rating in a research note on Thursday, April 10th. Finally, BNP Paribas raised Ford Motor to a “hold” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Ford Motor has an average rating of “Hold” and an average price target of $10.30.

Ford Motor Stock Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $37.47 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 0.61 and a beta of 1.41. The business’s 50 day simple moving average is $9.58 and its two-hundred day simple moving average is $10.15.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. Sell-side analysts anticipate that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.35%. The ex-dividend date was Tuesday, February 18th. Ford Motor’s dividend payout ratio is currently 41.10%.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. lifted its stake in Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after acquiring an additional 336,720 shares during the period. NCP Inc. lifted its position in Ford Motor by 62.0% during the fourth quarter. NCP Inc. now owns 74,520 shares of the auto manufacturer’s stock valued at $738,000 after purchasing an additional 28,528 shares during the period. Principal Financial Group Inc. boosted its holdings in Ford Motor by 3.8% in the third quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer’s stock worth $46,408,000 after purchasing an additional 160,409 shares during the last quarter. Alberta Investment Management Corp grew its position in Ford Motor by 87.1% in the 4th quarter. Alberta Investment Management Corp now owns 196,100 shares of the auto manufacturer’s stock worth $1,941,000 after purchasing an additional 91,300 shares during the period. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Ford Motor during the 4th quarter valued at $10,853,000. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Company Profile

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.