Ford Motor (NYSE:F) Cut to Sell at StockNews.com

StockNews.com cut shares of Ford Motor (NYSE:F) from a hold rating to a sell rating in a report published on Thursday morning.

Several other brokerages have also weighed in on F. Royal Bank of Canada increased their price objective on shares of Ford Motor from $12.00 to $13.00 and gave the company a sector perform rating in a research report on Thursday, April 25th. 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 research report on Thursday, April 25th. The Goldman Sachs Group lowered their price target on shares of Ford Motor from $14.00 to $12.00 and set a neutral rating on the stock in a research report on Thursday. Barclays lowered their price target on shares of Ford Motor from $17.00 to $16.00 and set an overweight rating on the stock in a research report on Thursday. Finally, Citigroup raised their price target on shares of Ford Motor from $16.00 to $18.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $13.79.

Ford Motor Price Performance

Shares of F opened at $11.19 on Thursday. The firm has a market capitalization of $44.67 billion, a PE ratio of 11.54, a PEG ratio of 0.73 and a beta of 1.62. The company’s 50-day moving average is $12.55 and its 200-day moving average is $12.42. Ford Motor has a fifty-two week low of $9.63 and a fifty-two week high of $14.85. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.17 and a quick ratio of 0.99.

Ford Motor (NYSE:F) last issued its quarterly earnings data on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.21). The company had revenue of $47.81 billion during the quarter, compared to the consensus estimate of $47.79 billion. Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. Ford Motor’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. Equities analysts forecast that Ford Motor will post 1.98 EPS for the current year.

Ford Motor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 7th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.36%. Ford Motor’s payout ratio is 61.86%.

Insiders Place Their Bets

In other news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the firm’s stock in a transaction that occurred 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 sale, 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 SEC, which is available at the SEC website. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently made changes to their positions in F. Raymond James & Associates raised its holdings in Ford Motor by 38.3% in the 4th quarter. Raymond James & Associates now owns 3,447,823 shares of the auto manufacturer’s stock valued at $42,029,000 after buying an additional 954,068 shares during the last quarter. CVA Family Office LLC bought a new position in Ford Motor in the 4th quarter valued at approximately $56,000. Blackston Financial Advisory Group LLC bought a new position in Ford Motor in the 4th quarter valued at approximately $231,000. Schechter Investment Advisors LLC raised its holdings in Ford Motor by 10.5% in the 4th quarter. Schechter Investment Advisors LLC now owns 19,442 shares of the auto manufacturer’s stock valued at $237,000 after buying an additional 1,845 shares during the last quarter. Finally, PFG Investments LLC raised its holdings in Ford Motor by 30.7% in the 4th quarter. PFG Investments LLC now owns 27,864 shares of the auto manufacturer’s stock valued at $340,000 after buying an additional 6,549 shares during the last quarter. 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.