Piper Jaffray cut shares of Ford Motor (NYSE:F) from an overweight rating to a neutral rating in a research note published on Tuesday, MarketBeat Ratings reports. Piper Jaffray currently has $12.00 price objective on the auto manufacturer’s stock, down from their prior price objective of $13.48. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued reports about the stock. Morgan Stanley raised shares of Ford Motor from an underweight rating to an overweight rating and lowered their target price for the stock from $10.78 to $10.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. Vetr raised shares of Ford Motor from a buy rating to a strong-buy rating and set a $13.14 target price on the stock in a research report on Friday, January 26th. JPMorgan Chase increased their target price on shares of Ford Motor from $14.00 to $15.00 and gave the stock an overweight rating in a research report on Thursday, April 26th. Zacks Investment Research raised shares of Ford Motor from a sell rating to a hold rating in a research report on Thursday, February 15th. Finally, ValuEngine downgraded shares of Ford Motor from a buy rating to a hold rating in a research report on Monday, February 5th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $12.78.
Shares of NYSE:F opened at $11.22 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 2.89. Ford Motor has a 1 year low of $11.07 and a 1 year high of $11.24. The firm has a market cap of $44.42 billion, a P/E ratio of 6.30, a PEG ratio of 0.67 and a beta of 1.04.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, April 20th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Thursday, April 19th. Ford Motor’s dividend payout ratio is currently 33.71%.
In related news, Director John C. Lechleiter bought 5,000 shares of Ford Motor stock in a transaction that occurred on Friday, May 11th. The stock was acquired at an average price of $11.17 per share, for a total transaction of $55,850.00. Following the completion of the purchase, the director now owns 34,400 shares in the company, valued at $384,248. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashwani Kumar Galhotra sold 31,415 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $10.34, for a total transaction of $324,831.10. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in F. Assetmark Inc. lifted its stake in Ford Motor by 2,696.1% during the first quarter. Assetmark Inc. now owns 231,436 shares of the auto manufacturer’s stock worth $2,564,000 after purchasing an additional 223,159 shares during the period. WealthPLAN Partners LLC lifted its stake in Ford Motor by 34.7% during the first quarter. WealthPLAN Partners LLC now owns 24,004 shares of the auto manufacturer’s stock worth $266,000 after purchasing an additional 6,188 shares during the period. Highlander Capital Management LLC lifted its stake in Ford Motor by 2,133.3% during the first quarter. Highlander Capital Management LLC now owns 33,500 shares of the auto manufacturer’s stock worth $356,000 after purchasing an additional 32,000 shares during the period. Point72 Europe London LLP bought a new position in Ford Motor during the first quarter worth about $2,575,000. Finally, Point72 Asia Hong Kong Ltd lifted its stake in Ford Motor by 31,558.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 10,764 shares of the auto manufacturer’s stock worth $119,000 after purchasing an additional 10,730 shares during the period. Institutional investors and hedge funds own 56.25% of the company’s stock.
About Ford Motor
Ford Motor Company designs, manufactures, markets, and services a range of Ford cars, trucks, sport utility vehicles, and electrified vehicles; and Lincoln luxury vehicles worldwide. Its Automotive segment sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to fleet customers, including commercial fleet customers, daily rental car companies, and governments.
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