Ford Motor (NYSE:F) Shares Down 1.1%

Ford Motor (NYSE:F) shares fell 1.1% during mid-day trading on Friday . The stock traded as low as $12.61 and last traded at $12.90. 23,820,766 shares were traded during mid-day trading, a decline of 56% from the average session volume of 53,898,578 shares. The stock had previously closed at $13.04.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank of Canada raised their price target on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday. Barclays raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Piper Sandler assumed coverage on shares of Ford Motor in a report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price target on the stock. Redburn Atlantic assumed coverage on shares of Ford Motor in a report on Wednesday, January 24th. They issued a “sell” rating and a $10.00 price target on the stock. Finally, Citigroup raised their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $14.02.

Ford Motor Trading Down 1.9 %

The company has a current ratio of 1.17, a quick ratio of 1.04 and a debt-to-equity ratio of 2.32. The business’s 50-day simple moving average is $12.62 and its two-hundred day simple moving average is $11.79. The company has a market capitalization of $50.82 billion, a PE ratio of 13.19, a PEG ratio of 1.01 and a beta of 1.63.

Ford Motor (NYSE:F) last posted its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. The company had revenue of $42.78 billion during the quarter, compared to analysts’ expectations of $42.93 billion. Ford Motor had a net margin of 2.21% and a return on equity of 17.63%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, analysts predict that Ford Motor will post 1.94 earnings per share for the current year.

Ford Motor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 8th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.60 annualized dividend and a dividend yield of 4.69%. Ford Motor’s payout ratio is 61.86%.

Insider Transactions at Ford Motor

In other news, CAO Mark Kosman sold 26,898 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the transaction, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

Several institutional investors and hedge funds have recently bought and sold shares of F. Norges Bank acquired a new stake in Ford Motor during the fourth quarter worth about $475,899,000. Coatue Management LLC acquired a new stake in Ford Motor during the fourth quarter worth about $149,152,000. Newport Trust Company LLC raised its stake in Ford Motor by 4.5% during the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after acquiring an additional 6,667,808 shares during the period. Fisher Asset Management LLC raised its stake in Ford Motor by 6.3% during the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after acquiring an additional 3,522,965 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Ford Motor by 151.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,496,403 shares of the auto manufacturer’s stock worth $55,845,000 after acquiring an additional 2,707,038 shares during the period. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.