Ford Motor (NYSE:F) Given New $10.00 Price Target at Wells Fargo & Company

Ford Motor (NYSE:F) had its price objective trimmed by Wells Fargo & Company from $11.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an underweight rating on the auto manufacturer’s stock.

A number of other brokerages have also commented on F. HSBC upped their price objective on Ford Motor from $9.80 to $12.80 and gave the company a “hold” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their target price on Ford Motor from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Barclays boosted their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Zacks Research downgraded shares of Ford Motor from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded shares of Ford Motor from a “sell” rating to a “hold” rating in a research note on Saturday. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.22.

Ford Motor Stock Up 2.7%

Ford Motor stock opened at $11.52 on Tuesday. The company’s 50-day moving average price is $13.03 and its two-hundred day moving average price is $12.93. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 2.95. The stock has a market cap of $45.94 billion, a P/E ratio of -5.59, a P/E/G ratio of 0.26 and a beta of 1.65. Ford Motor has a twelve month low of $8.44 and a twelve month high of $14.80.

Ford Motor (NYSE:F) last posted its earnings results on Wednesday, February 11th. The auto manufacturer reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The company had revenue of $45.89 billion for the quarter, compared to the consensus estimate of $41.78 billion. Ford Motor had a positive return on equity of 10.16% and a negative net margin of 4.37%.The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. As a group, analysts expect that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, February 13th. Ford Motor’s dividend payout ratio is presently -29.13%.

Insider Activity

In related news, insider William Clay Ford, Jr. purchased 140,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $13.82 per share, for a total transaction of $1,934,800.00. Following the completion of the transaction, the insider owned 3,912,600 shares of the company’s stock, valued at approximately $54,072,132. This trade represents a 3.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.48% 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. Parkside Financial Bank & Trust raised its position in shares of Ford Motor by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 10,999 shares of the auto manufacturer’s stock valued at $144,000 after buying an additional 756 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its position in shares of Ford Motor by 1.8% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 42,683 shares of the auto manufacturer’s stock worth $560,000 after acquiring an additional 761 shares in the last quarter. CRA Financial Services LLC increased its stake in Ford Motor by 4.4% in the fourth quarter. CRA Financial Services LLC now owns 18,327 shares of the auto manufacturer’s stock valued at $240,000 after acquiring an additional 775 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in Ford Motor by 16.5% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 5,470 shares of the auto manufacturer’s stock valued at $65,000 after acquiring an additional 776 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in Ford Motor by 7.2% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 11,697 shares of the auto manufacturer’s stock valued at $153,000 after purchasing an additional 784 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.

About Ford Motor

Ford Motor Company (NYSE: F) is an American multinational automaker headquartered in Dearborn, Michigan. Founded by Henry Ford in 1903, the company became an early pioneer of mass-production techniques with the Model T and the adoption of the moving assembly line. Today, Ford designs, manufactures, markets and services a broad range of vehicles and mobility solutions under the Ford and Lincoln brands, spanning passenger cars, SUVs, pickup trucks and commercial vehicles.

Ford’s business activities extend beyond vehicle production to include parts and aftermarket services, fleet and commercial sales, and automotive financing through Ford Motor Credit Company.