Ford Motor (NYSE:F) Trading Up 2% Following Analyst Upgrade

Ford Motor Company (NYSE:F) shares shot up 2% during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $12.00 to $13.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Ford Motor traded as high as $11.45 and last traded at $11.39. 24,028,275 shares were traded during mid-day trading, a decline of 71% from the average session volume of 83,331,230 shares. The stock had previously closed at $11.16.

Other equities research analysts have also recently issued research reports about the company. Citigroup upped their price target on Ford Motor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their target price on Ford Motor from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, May 6th. Sanford C. Bernstein lowered Ford Motor from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $9.40 to $7.00 in a research note on Wednesday, April 9th. Wall Street Zen upgraded Ford Motor from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Piper Sandler increased their target price on Ford Motor from $8.50 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.37.

Insider Buying and Selling at Ford Motor

In other news, insider Andrew Frick sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $11.00, for a total transaction of $330,000.00. Following the completion of the sale, the insider directly owned 113,939 shares of the company’s stock, valued at $1,253,329. This represents a 20.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ford Motor

Hedge funds have recently bought and sold shares of the business. Future Financial Wealth Managment LLC increased its position in Ford Motor by 18.5% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 41,307 shares of the auto manufacturer’s stock worth $448,000 after purchasing an additional 6,463 shares during the last quarter. QRG Capital Management Inc. increased its position in Ford Motor by 0.9% in the 2nd quarter. QRG Capital Management Inc. now owns 300,465 shares of the auto manufacturer’s stock worth $3,260,000 after purchasing an additional 2,774 shares during the last quarter. Ascent Group LLC increased its holdings in shares of Ford Motor by 8.9% during the 2nd quarter. Ascent Group LLC now owns 89,875 shares of the auto manufacturer’s stock valued at $975,000 after acquiring an additional 7,329 shares during the last quarter. Abundance Wealth Counselors increased its holdings in shares of Ford Motor by 3.2% during the 2nd quarter. Abundance Wealth Counselors now owns 163,022 shares of the auto manufacturer’s stock valued at $1,776,000 after acquiring an additional 5,103 shares during the last quarter. Finally, Cromwell Holdings LLC increased its holdings in shares of Ford Motor by 53.7% during the 2nd quarter. Cromwell Holdings LLC now owns 13,561 shares of the auto manufacturer’s stock valued at $147,000 after acquiring an additional 4,739 shares during the last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

Ford Motor Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 2.26. The firm has a market cap of $44.99 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 0.95 and a beta of 1.49. The stock has a fifty day moving average price of $10.80 and a 200 day moving average price of $10.13.

Ford Motor (NYSE:F) last released its earnings results on Monday, May 5th. The auto manufacturer reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.16. Ford Motor had a return on equity of 13.49% and a net margin of 2.74%. The firm had revenue of $40.66 billion for the quarter, compared to analyst estimates of $35.99 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s revenue was down 6.2% on a year-over-year basis. As a group, analysts predict that Ford Motor Company will post 1.47 earnings per share for the current year.

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a dividend of $0.15 per share. The ex-dividend date was Monday, May 12th. This represents a $0.60 annualized dividend and a dividend yield of 5.30%. Ford Motor’s dividend payout ratio (DPR) is presently 48.00%.

About Ford Motor

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.