Ford Motor (NYSE:F) Stock Price Down 2.8% – Here’s Why

Ford Motor (NYSE:F) traded down 2.8% during mid-day trading on Monday . The company traded as low as $9.88 and last traded at $10.10. 33,155,121 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 53,701,586 shares. The stock had previously closed at $10.39.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Sanford C. Bernstein cut Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research report on Thursday, November 7th. Jefferies Financial Group cut Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Barclays decreased their price objective on Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft decreased 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. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.83.

Ford Motor Stock Down 3.9 %

The stock has a market cap of $39.68 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 1.90 and a beta of 1.62. 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 fifty day moving average of $10.85 and a two-hundred day moving average of $11.31.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Monday, October 28th. The auto manufacturer reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $46.20 billion for the quarter, compared to analysts’ expectations of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. As a group, analysts predict that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s dividend payout ratio (DPR) is presently 68.18%.

Hedge Funds Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Birmingham Capital Management Co. Inc. AL lifted its position in Ford Motor by 21.4% in the third quarter. Birmingham Capital Management Co. Inc. AL now owns 14,200 shares of the auto manufacturer’s stock worth $150,000 after purchasing an additional 2,500 shares during the period. Franklin Resources Inc. lifted its position in shares of Ford Motor by 29.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer’s stock valued at $15,998,000 after acquiring an additional 336,720 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Ford Motor by 79.4% during the 3rd quarter. Tidal Investments LLC now owns 302,940 shares of the auto manufacturer’s stock valued at $3,199,000 after acquiring an additional 134,042 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Ford Motor during the 3rd quarter valued at $192,000. Finally, World Investment Advisors LLC raised its stake in Ford Motor by 31.8% during the 3rd quarter. World Investment Advisors LLC now owns 33,168 shares of the auto manufacturer’s stock valued at $350,000 after purchasing an additional 8,000 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.