Ford Motor (NYSE:F) Trading 0.2% Higher – Here’s What Happened

Ford Motor (NYSE:F)’s stock price was up 0.2% during trading on Wednesday . The company traded as high as $11.17 and last traded at $11.12. Approximately 14,377,648 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 53,700,016 shares. The stock had previously closed at $11.10.

Analyst Upgrades and Downgrades

F has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, September 10th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research report on Thursday, November 7th. Wolfe Research started coverage on shares of Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating for the company. Finally, StockNews.com raised Ford Motor from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.02.

Ford Motor Stock Down 0.3 %

The stock has a fifty day moving average of $10.77 and a two-hundred day moving average of $11.52. The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The stock has a market cap of $44.00 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.01 and a beta of 1.62.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. Ford Motor’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 earnings per share. As a group, analysts predict that Ford Motor will post 1.82 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.60 annualized dividend and a yield of 5.42%. Ford Motor’s payout ratio is 68.18%.

Institutional Trading of Ford Motor

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC raised its holdings in shares of Ford Motor by 24.0% during the first quarter. Empowered Funds LLC now owns 79,963 shares of the auto manufacturer’s stock valued at $1,062,000 after buying an additional 15,480 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Ford Motor by 2.8% during the 1st quarter. Bleakley Financial Group LLC now owns 64,979 shares of the auto manufacturer’s stock valued at $863,000 after acquiring an additional 1,755 shares in the last quarter. HBK Sorce Advisory LLC boosted its position in Ford Motor by 7.1% during the 1st quarter. HBK Sorce Advisory LLC now owns 47,856 shares of the auto manufacturer’s stock worth $636,000 after acquiring an additional 3,192 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Ford Motor by 8.4% in the first quarter. Orion Portfolio Solutions LLC now owns 115,607 shares of the auto manufacturer’s stock worth $1,535,000 after purchasing an additional 8,966 shares in the last quarter. Finally, Cumberland Partners Ltd acquired a new position in shares of Ford Motor during the first quarter valued at $133,000. Institutional investors own 58.74% of the company’s stock.

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.