Ford Motor (NYSE:F) Stock Price Down 4.2% – What’s Next?

Shares of Ford Motor (NYSE:F) traded down 4.2% on Thursday . The company traded as low as $9.70 and last traded at $9.72. 70,169,163 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 65,965,143 shares. The stock had previously closed at $10.15.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on F shares. Wells Fargo & Company decreased their price objective on shares of Ford Motor from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 6th. Wolfe Research reiterated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. JPMorgan Chase & Co. cut their price objective on Ford Motor from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Thursday, March 27th. Piper Sandler lowered their target price on Ford Motor from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. Finally, Bank of America cut their price target on Ford Motor from $19.00 to $15.50 and set a “buy” rating for the company in a report on Thursday, February 6th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ford Motor presently has a consensus rating of “Hold” and a consensus target price of $11.37.

Ford Motor Stock Down 5.9 %

The firm has a market capitalization of $37.87 billion, a PE ratio of 6.54, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The firm has a 50-day moving average of $9.74 and a two-hundred day moving average of $10.27.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. Ford Motor had a return on equity of 16.88% and a net margin of 3.18%. On average, equities research analysts forecast that Ford Motor will post 1.47 EPS for the current year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.28%. Ford Motor’s payout ratio is 41.10%.

Institutional Investors Weigh In On Ford Motor

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Ford Motor by 16.6% in the 4th quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer’s stock valued at $3,980,630,000 after buying an additional 57,182,803 shares during the last quarter. Norges Bank purchased a new stake in Ford Motor during the 4th quarter worth approximately $387,282,000. Jacobs Levy Equity Management Inc. grew its holdings in Ford Motor by 88.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 22,512,285 shares of the auto manufacturer’s stock worth $222,872,000 after acquiring an additional 10,535,335 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of Ford Motor by 2,905.1% in the 4th quarter. Voloridge Investment Management LLC now owns 7,989,463 shares of the auto manufacturer’s stock worth $79,096,000 after purchasing an additional 7,723,601 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Ford Motor by 5.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer’s stock worth $1,278,153,000 after purchasing an additional 6,497,321 shares during the last quarter. Institutional investors and hedge funds 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.