Ford Motor (NYSE:F) Cut to Underweight at Wells Fargo & Company

Wells Fargo & Company cut shares of Ford Motor (NYSE:FGet Rating) from an overweight rating to an underweight rating in a research note released on Wednesday, The Fly reports. Wells Fargo & Company currently has $12.00 target price on the auto manufacturer’s stock, down from their prior target price of $24.00.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their price objective on Ford Motor from $22.00 to $21.00 in a report on Monday, April 25th. TheStreet downgraded Ford Motor from a b rating to a c+ rating in a report on Wednesday, April 27th. Zacks Investment Research upgraded Ford Motor from a hold rating to a buy rating and set a $22.00 price objective on the stock in a report on Wednesday, February 2nd. BNP Paribas began coverage on Ford Motor in a report on Monday, April 11th. They issued an outperform rating on the stock. Finally, Credit Suisse Group cut their price target on Ford Motor from $26.00 to $25.00 and set an outperform rating on the stock in a report on Friday, February 4th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $18.59.

Shares of F stock traded down $0.60 on Wednesday, reaching $12.23. 1,385,599 shares of the company’s stock were exchanged, compared to its average volume of 92,767,633. Ford Motor has a 52 week low of $11.28 and a 52 week high of $25.87. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $49.16 billion, a PE ratio of 4.52, a P/E/G ratio of 2.41 and a beta of 1.15. The company’s fifty day simple moving average is $15.69 and its 200 day simple moving average is $18.40.

Ford Motor (NYSE:FGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The auto manufacturer reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $32.11 billion for the quarter, compared to analysts’ expectations of $30.39 billion. Ford Motor had a return on equity of 12.46% and a net margin of 8.57%. During the same quarter in the previous year, the business earned $0.89 earnings per share. As a group, sell-side analysts predict that Ford Motor will post 1.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, April 26th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, April 25th. This represents a $0.40 annualized dividend and a yield of 3.27%. Ford Motor’s dividend payout ratio (DPR) is currently 14.08%.

In related news, major shareholder Motor Co Ford sold 8,000,000 shares of the company’s stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $26.80, for a total value of $214,400,000.00. Following the transaction, the insider now directly owns 93,947,494 shares in the company, valued at $2,517,792,839.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Clay Ford, Jr. purchased 267,697 shares of the firm’s stock in a transaction on Thursday, March 24th. The shares were purchased at an average price of $16.81 per share, for a total transaction of $4,499,986.57. The disclosure for this purchase can be found here. 0.71% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of F. CVA Family Office LLC acquired a new stake in Ford Motor in the fourth quarter valued at about $74,000. Brown Advisory Securities LLC lifted its position in Ford Motor by 36.4% in the fourth quarter. Brown Advisory Securities LLC now owns 15,000 shares of the auto manufacturer’s stock valued at $313,000 after purchasing an additional 4,000 shares during the period. Spire Wealth Management lifted its position in Ford Motor by 122.4% in the fourth quarter. Spire Wealth Management now owns 145,728 shares of the auto manufacturer’s stock valued at $3,172,000 after purchasing an additional 80,213 shares during the period. Allworth Financial LP lifted its position in Ford Motor by 17.4% in the fourth quarter. Allworth Financial LP now owns 46,545 shares of the auto manufacturer’s stock valued at $967,000 after purchasing an additional 6,915 shares during the period. Finally, Brinker Capital Investments LLC acquired a new stake in Ford Motor in the fourth quarter valued at about $695,000. 52.35% of the stock is currently owned by hedge funds and other institutional investors.

About Ford Motor (Get Rating)

Ford Motor Company designs, manufactures, markets, and services a range of Ford trucks, cars, sport utility vehicles, electrified vehicles, and Lincoln luxury vehicles worldwide. It operates through three segments: Automotive, Mobility, and Ford Credit. The Automotive segment 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.

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