Ford Motor (NYSE:F) Trading Up 0.7%

Ford Motor (NYSE:F)’s share price shot up 0.7% on Tuesday . The company traded as high as $12.95 and last traded at $12.85. 13,778,419 shares traded hands during trading, a decline of 73% from the average session volume of 50,951,254 shares. The stock had previously closed at $12.76.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Royal Bank of Canada raised their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Citigroup raised their target price on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Piper Sandler started coverage on shares of Ford Motor in a research report on Friday, March 15th. They issued a “neutral” rating and a $13.00 price objective for the company. Barclays boosted their target price on shares of Ford Motor from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Sanford C. Bernstein began coverage on shares of Ford Motor in a report on Thursday, May 23rd. They set an “outperform” rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.89.

Ford Motor Trading Down 0.1 %

The company has a market cap of $50.90 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.81 and a beta of 1.62. The business has a fifty day simple moving average of $12.21 and a 200 day simple moving average of $12.24. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.99 and a current ratio of 1.17.

Ford Motor (NYSE:F) last announced its quarterly earnings data on Wednesday, April 24th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.07. Ford Motor had a return on equity of 17.63% and a net margin of 2.21%. The firm had revenue of $42.78 billion for the quarter, compared to analysts’ expectations of $42.93 billion. During the same period last year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts anticipate that Ford Motor will post 2.02 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Tuesday, May 7th. Ford Motor’s dividend payout ratio is presently 61.86%.

Insiders Place Their Bets

In other Ford Motor news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction on Friday, May 24th. The stock was 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 of the company’s stock, valued at $2,038,386.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ford Motor

Several hedge funds and other institutional investors have recently made changes to their positions in F. Bright Futures Wealth Management LLC. bought a new position in shares of Ford Motor in the first quarter valued at approximately $1,675,000. Abich Financial Wealth Management LLC boosted its stake in Ford Motor by 374.4% during the 1st quarter. Abich Financial Wealth Management LLC now owns 14,057 shares of the auto manufacturer’s stock valued at $187,000 after purchasing an additional 11,094 shares in the last quarter. Keynote Financial Services LLC acquired a new position in shares of Ford Motor during the 1st quarter valued at $836,000. OMC Financial Services LTD bought a new stake in shares of Ford Motor in the 1st quarter worth $1,071,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ford Motor by 38.5% in the first quarter. EverSource Wealth Advisors LLC now owns 11,476 shares of the auto manufacturer’s stock valued at $139,000 after buying an additional 3,192 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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.