Ford Motor (NYSE:F) Stock Price Up 0.5% – Here’s What Happened

Ford Motor (NYSE:F)’s share price shot up 0.5% during trading on Friday . The company traded as high as $11.17 and last traded at $11.12. 6,030,171 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 53,165,086 shares. The stock had previously closed at $11.07.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 price target on shares of Ford Motor in a research note on Tuesday, September 10th. Barclays cut their target price on Ford Motor from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada decreased their price target on shares of Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research note on Monday, August 12th. Morgan Stanley lowered shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Wells Fargo & Company decreased their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.56.

Ford Motor Stock Performance

The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.00 and a current ratio of 1.17. The company’s 50 day moving average price is $10.75 and its 200-day moving average price is $11.77. The company has a market cap of $44.31 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). The firm had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. Equities research analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.41%. The ex-dividend date was Wednesday, August 7th. Ford Motor’s dividend payout ratio (DPR) is presently 61.86%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Ford Motor by 27.4% in the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after buying an additional 7,793,944 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Ford Motor by 456.9% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,000,000 shares of the auto manufacturer’s stock valued at $50,160,000 after acquiring an additional 3,281,800 shares in the last quarter. AQR Capital Management LLC lifted its position in Ford Motor by 103.6% during the second quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after purchasing an additional 2,497,695 shares during the last quarter. Natixis lifted its holdings in shares of Ford Motor by 1,930.4% during the 1st quarter. Natixis now owns 2,174,316 shares of the auto manufacturer’s stock worth $28,875,000 after acquiring an additional 2,067,226 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Ford Motor by 11.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 12,290,204 shares of the auto manufacturer’s stock worth $163,214,000 after purchasing an additional 1,214,640 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

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.