Ford Motor (NYSE:F – Get Free Report)’s stock price rose 1.1% during mid-day trading on Thursday . The stock traded as high as $11.74 and last traded at $11.69. Approximately 11,963,878 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 51,698,953 shares. The stock had previously closed at $11.56.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on F shares. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Sanford C. Bernstein initiated coverage on Ford Motor in a research note on Thursday, May 23rd. They set an “outperform” rating and a $16.00 target price for the company. Citigroup increased their price target on Ford Motor from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. Finally, Piper Sandler assumed coverage on shares of Ford Motor in a research note on Friday, March 15th. They set a “neutral” rating and a $13.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.89.
Ford Motor Trading Up 1.9 %
The business’s fifty day simple moving average is $12.58 and its two-hundred day simple moving average is $12.00. The company has a quick ratio of 0.99, a current ratio of 1.17 and a debt-to-equity ratio of 2.32. The company has a market cap of $47.03 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 0.77 and a beta of 1.61.
Ford Motor (NYSE:F – Get Free Report) last posted its earnings results 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 business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. On average, equities analysts predict that Ford Motor will post 1.97 EPS for the current year.
Ford Motor Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Tuesday, May 7th. Ford Motor’s dividend payout ratio is currently 61.86%.
Insiders Place Their Bets
In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $12.09, for a total value of $982,119.06. Following the transaction, the director now directly owns 168,601 shares of the company’s stock, valued at approximately $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’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 transaction, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Kosman sold 26,898 shares of Ford Motor stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.53, for a total transaction of $337,031.94. Following the sale, the chief accounting officer now owns 7,102 shares of the company’s stock, valued at $88,988.06. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
Institutional Trading of Ford Motor
Several large investors have recently modified their holdings of the business. Pinnacle Associates Ltd. raised its stake in Ford Motor by 2.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 32,527 shares of the auto manufacturer’s stock valued at $432,000 after acquiring an additional 817 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Ford Motor by 29.8% in 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 grew its position in Ford Motor by 1.7% in the 1st 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 in the last quarter. First United Bank & Trust increased its stake in Ford Motor by 5.4% during the 4th quarter. First United Bank & Trust now owns 16,486 shares of the auto manufacturer’s stock valued at $201,000 after buying an additional 850 shares during the period. Finally, Lee Financial Co raised its position in shares of 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 buying an additional 854 shares in the last quarter. 58.74% of the stock is currently owned by institutional investors and hedge funds.