Ford Motor (NYSE:F) Trading 2.2% Higher

Shares of Ford Motor (NYSE:F) traded up 2.2% during mid-day trading on Thursday . The company traded as high as $10.67 and last traded at $10.65. 14,474,892 shares traded hands during trading, a decline of 73% from the average session volume of 53,814,852 shares. The stock had previously closed at $10.42.

Analyst Ratings Changes

Several analysts have recently commented on F shares. Wells Fargo & Company decreased their price target on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 10th. Evercore ISI upgraded Ford Motor to a “hold” rating in a research report on Friday, July 26th. Royal Bank of Canada dropped their target price on Ford Motor from $13.00 to $10.00 and set a “sector perform” rating for the company in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $11.00 price target on shares of Ford Motor in a report on Tuesday, September 10th. Finally, Barclays cut their target price on shares of Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Ford Motor currently has a consensus rating of “Hold” and a consensus target price of $12.64.

Ford Motor Stock Performance

The firm has a market cap of $42.68 billion, a P/E ratio of 10.98, a PEG ratio of 0.79 and a beta of 1.62. 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 stock’s 50-day moving average is $11.01 and its 200 day moving average is $12.00.

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

Ford Motor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.60 annualized dividend and a yield of 5.61%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.

Institutional Investors Weigh In On Ford Motor

Institutional investors have recently added to or reduced their stakes in the stock. Coatue Management LLC acquired a new position in Ford Motor during the 4th quarter worth approximately $149,152,000. Dimensional Fund Advisors LP boosted its holdings in Ford Motor by 27.4% during the second quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Fisher Asset Management LLC grew its position in Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,150,709 shares of the auto manufacturer’s stock valued at $721,047,000 after purchasing an additional 3,521,520 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in 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 buying an additional 3,281,800 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Ford Motor by 103.6% in the 2nd quarter. AQR Capital Management LLC now owns 4,908,726 shares of the auto manufacturer’s stock valued at $60,844,000 after buying an additional 2,497,695 shares during the last quarter. 58.74% of the stock is owned by institutional investors.

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.