Shares of Ford Motor (NYSE:F – Get Free Report) shot up 0.4% on Wednesday . The stock traded as high as $12.35 and last traded at $12.16. 14,899,123 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 51,295,938 shares. The stock had previously closed at $12.11.
Analysts Set New Price Targets
F has been the subject of several recent analyst reports. Piper Sandler began coverage on shares of Ford Motor in a research note on Friday, March 15th. They issued a “neutral” rating and a $13.00 target price for the company. UBS Group upped their target price on Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, April 25th. Sanford C. Bernstein started coverage on Ford Motor in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $16.00 target price for the company. Morgan Stanley upped their target price on Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Finally, Barclays upped their price target on Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $13.89.
Ford Motor Trading Down 0.2 %
The firm has a market capitalization of $48.23 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.61. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17. The firm has a 50 day moving average price of $12.41 and a two-hundred day moving average price of $12.13.
Ford Motor (NYSE:F – Get Free Report) last issued its earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 EPS for the quarter, topping the consensus estimate of $0.42 by $0.07. The business 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 was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Ford Motor will post 1.99 EPS for the current fiscal year.
Ford Motor Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.97%. Ford Motor’s dividend payout ratio (DPR) is currently 61.86%.
Insider Buying and Selling at Ford Motor
In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction dated 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 directly owns 168,601 shares in the company, valued at $2,038,386.09. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.40% of the company’s stock.
Hedge Funds Weigh In On Ford Motor
Institutional investors have recently made changes to their positions in the business. OMC Financial Services LTD acquired a new stake in Ford Motor during the first quarter worth about $1,071,000. EverSource Wealth Advisors LLC boosted its holdings in Ford Motor by 38.5% during the first quarter. EverSource Wealth Advisors LLC now owns 11,476 shares of the auto manufacturer’s stock valued at $139,000 after purchasing an additional 3,192 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Ford Motor by 12.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 995,711 shares of the auto manufacturer’s stock valued at $12,853,000 after purchasing an additional 111,663 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in Ford Motor during the first quarter valued at approximately $44,000. Finally, Alexander Labrunerie & CO. Inc. bought a new position in shares of Ford Motor in the first quarter valued at approximately $157,000. 58.74% of the stock is currently 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.