Ford Motor (NYSE:F) Trading 2% Higher – Here’s What Happened

Ford Motor (NYSE:F) shares traded up 2% on Wednesday . The company traded as high as $10.12 and last traded at $10.14. 28,634,898 shares were traded during trading, a decline of 56% from the average session volume of 65,379,237 shares. The stock had previously closed at $9.94.

Analysts Set New Price Targets

Several brokerages have issued reports on F. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research report on Thursday, December 5th. JPMorgan Chase & Co. lowered their target price 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. BNP Paribas upgraded Ford Motor to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada lowered their price objective on Ford Motor from $10.00 to $9.00 and set a “sector perform” rating for the company in a research report on Thursday, February 6th. Finally, Evercore ISI cut their price objective on Ford Motor from $11.00 to $10.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.37.

Ford Motor Trading Up 3.0 %

The firm’s 50 day simple moving average is $9.74 and its two-hundred day simple moving average is $10.27. The stock has a market capitalization of $40.59 billion, a P/E ratio of 7.01, a P/E/G ratio of 0.61 and a beta of 1.59. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 2.31.

Ford Motor (NYSE:F) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 EPS for the quarter, beating 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%. As a group, analysts forecast that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a yield of 5.86%. Ford Motor’s dividend payout ratio (DPR) is presently 41.10%.

Institutional Investors Weigh In On Ford Motor

A number of institutional investors and hedge funds have recently made changes to their positions in F. Albion Financial Group UT increased its holdings in Ford Motor by 38.5% during the 4th quarter. Albion Financial Group UT now owns 3,600 shares of the auto manufacturer’s stock worth $36,000 after purchasing an additional 1,000 shares in the last quarter. Brighton Jones LLC grew its holdings in Ford Motor by 5.4% during the fourth quarter. Brighton Jones LLC now owns 19,693 shares of the auto manufacturer’s stock worth $195,000 after buying an additional 1,001 shares in the last quarter. Angeles Wealth Management LLC raised its position in Ford Motor by 1.3% in the 4th quarter. Angeles Wealth Management LLC now owns 80,728 shares of the auto manufacturer’s stock valued at $799,000 after buying an additional 1,024 shares during the last quarter. Atlas Brown Inc. lifted its stake in Ford Motor by 1.7% during the 4th quarter. Atlas Brown Inc. now owns 63,323 shares of the auto manufacturer’s stock valued at $627,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in Ford Motor by 10.6% during the 4th quarter. Cornerstone Wealth Group LLC now owns 11,429 shares of the auto manufacturer’s stock worth $113,000 after acquiring an additional 1,098 shares during the last quarter. Institutional investors and hedge funds own 58.74% of the company’s stock.

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.