Ford Motor (NYSE:F) Trading 0.7% Higher

Ford Motor (NYSE:F) traded up 0.7% on Tuesday . The company traded as high as $12.95 and last traded at $12.85. 13,778,419 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 50,951,254 shares. The stock had previously closed at $12.76.

Analysts Set New Price Targets

Several equities analysts recently issued reports on F shares. UBS Group raised their price objective on Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, April 25th. Sanford C. Bernstein started coverage on Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. Piper Sandler assumed coverage on Ford Motor in a report on Friday, March 15th. They set a “neutral” rating and a $13.00 price target on the stock. Barclays upped their price objective on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada raised their target price on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.89.

Ford Motor Stock Performance

The company’s 50 day simple moving average is $12.20 and its two-hundred day simple moving average is $12.25. The stock has a market cap of $51.38 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

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 the consensus estimate 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 return on equity of 17.63% and a net margin of 2.21%. Ford Motor’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. Research analysts expect that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.66%. Ford Motor’s dividend payout ratio is currently 61.86%.

Insider Activity at Ford Motor

In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $12.09, for a total transaction of $982,119.06. Following the completion of the sale, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ford Motor

A number of large investors have recently modified their holdings of the stock. Pinnacle Associates Ltd. boosted its holdings in shares of Ford Motor by 2.6% during the first quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock worth $432,000 after acquiring an additional 817 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Ford Motor by 29.8% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,604 shares of the auto manufacturer’s stock worth $44,000 after purchasing an additional 828 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in shares of Ford Motor by 1.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 48,916 shares of the auto manufacturer’s stock valued at $650,000 after buying an additional 836 shares during the period. First United Bank & Trust grew its position in Ford Motor by 5.4% during the fourth quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock worth $201,000 after buying an additional 850 shares in the last quarter. Finally, Lee Financial Co increased its stake in Ford Motor by 3.6% during the 4th quarter. Lee Financial Co now owns 24,836 shares of the auto manufacturer’s stock worth $303,000 after acquiring an additional 854 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.