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

Shares of Ford Motor (NYSE:F) traded up 0.2% during trading on Wednesday . The stock traded as high as $11.26 and last traded at $11.12. 7,630,773 shares changed hands during trading, a decline of 86% from the average session volume of 53,884,555 shares. The stock had previously closed at $11.10.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on F shares. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley cut Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $16.00 to $12.00 in a report on Wednesday, September 25th. Wolfe Research initiated coverage on Ford Motor in a report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Wells Fargo & Company reduced their target price on Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Finally, Barclays reduced their target price on Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.02.

Ford Motor Stock Performance

The stock has a 50-day moving average price of $10.85 and a 200 day moving average price of $11.44. The company has a market cap of $44.11 billion, a price-to-earnings ratio of 12.61, a price-to-earnings-growth ratio of 2.02 and a beta of 1.62. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.15 and a quick ratio of 0.98.

Ford Motor (NYSE:F) last announced its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. During the same quarter last year, the firm earned $0.39 EPS. Ford Motor’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, November 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date is Thursday, November 7th. Ford Motor’s dividend payout ratio is presently 68.18%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of F. Olistico Wealth LLC bought a new position in Ford Motor in the second quarter valued at approximately $25,000. Family Firm Inc. bought a new position in Ford Motor in the second quarter valued at approximately $26,000. Quarry LP bought a new position in Ford Motor in the second quarter valued at approximately $27,000. Ridgewood Investments LLC bought a new position in Ford Motor in the second quarter valued at approximately $28,000. Finally, Kimelman & Baird LLC bought a new position in Ford Motor in the second quarter valued at approximately $30,000. 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.