Ford Motor (NYSE:F) Shares Up 1.5%

Ford Motor (NYSE:F) shares shot up 1.5% during mid-day trading on Monday . The stock traded as high as $13.20 and last traded at $13.03. 13,998,184 shares were traded during trading, a decline of 72% from the average session volume of 50,568,598 shares. The stock had previously closed at $12.84.

Wall Street Analyst Weigh In

Several research firms have issued reports on F. Piper Sandler initiated 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 on the stock. Sanford C. Bernstein initiated coverage on shares of Ford Motor in a research report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. UBS Group upped their price target on shares of Ford Motor from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Citigroup upped their price target on shares of Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, Barclays upped their price target on shares of Ford Motor from $15.00 to $16.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $13.89.

Ford Motor Stock Up 2.1 %

The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $52.58 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.84 and a beta of 1.62. The company has a 50 day simple moving average of $12.22 and a two-hundred day simple moving average of $12.28.

Ford Motor (NYSE:F) last posted its quarterly earnings results on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The business had revenue of $42.78 billion during the quarter, compared to the consensus estimate of $42.93 billion. During the same period in the prior year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 2.02 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 8th were paid a $0.15 dividend. The ex-dividend date was Tuesday, May 7th. This represents a $0.60 annualized dividend and a yield of 4.56%. Ford Motor’s payout ratio is 61.86%.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $12.09, for a total value of $982,119.06. Following the completion of the transaction, the director now directly owns 168,601 shares in the company, valued at approximately $2,038,386.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Newport Trust Company LLC lifted its position in Ford Motor by 4.5% in the fourth quarter. Newport Trust Company LLC now owns 155,177,214 shares of the auto manufacturer’s stock worth $1,891,610,000 after buying an additional 6,667,808 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ford Motor by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,661,675 shares of the auto manufacturer’s stock worth $1,068,596,000 after buying an additional 269,887 shares during the last quarter. Fisher Asset Management LLC lifted its position in Ford Motor by 6.3% in the fourth quarter. Fisher Asset Management LLC now owns 59,152,154 shares of the auto manufacturer’s stock worth $721,065,000 after buying an additional 3,522,965 shares during the last quarter. Norges Bank bought a new stake in Ford Motor in the fourth quarter worth $475,899,000. Finally, Dimensional Fund Advisors LP lifted its position in Ford Motor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,314,520 shares of the auto manufacturer’s stock worth $333,014,000 after buying an additional 528,823 shares during the last quarter. 58.74% of the stock is currently owned by institutional investors.

Ford Motor Company Profile

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.