Ford Motor (NYSE:F) Trading Down 0.3% – Here’s Why

Ford Motor (NYSE:F)’s share price dropped 0.3% during mid-day trading on Monday . The stock traded as low as $9.57 and last traded at $9.62. Approximately 17,770,537 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 59,820,266 shares. The stock had previously closed at $9.65.

Analyst Ratings Changes

A number of equities research analysts have weighed in on F shares. Jefferies Financial Group lowered Ford Motor from a “hold” rating to an “underperform” rating and decreased their target price for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ford Motor from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Sanford C. Bernstein lowered shares of Ford Motor from an “outperform” rating to a “market perform” rating and set a $11.00 price target for the company. in a report on Thursday, November 7th. Morgan Stanley downgraded shares of Ford Motor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, September 25th. Finally, Wolfe Research reissued an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.83.

Ford Motor Stock Performance

The company has a quick ratio of 0.98, a current ratio of 1.15 and a debt-to-equity ratio of 2.34. The firm has a market cap of $38.39 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.89 and a beta of 1.64. The business’s 50-day simple moving average is $10.47 and its two-hundred day simple moving average is $11.01.

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. The firm had revenue of $46.20 billion for the quarter, compared to analyst estimates of $45.13 billion. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. As a group, sell-side analysts expect that Ford Motor will post 1.81 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 7th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.21%. The ex-dividend date of this dividend was Thursday, November 7th. Ford Motor’s payout ratio is 68.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in F. Charles Schwab Investment Management Inc. grew its position in Ford Motor by 4.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock worth $1,294,752,000 after acquiring an additional 5,270,562 shares during the period. Geode Capital Management LLC grew its holdings in shares of Ford Motor by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer’s stock worth $863,009,000 after purchasing an additional 1,336,676 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Ford Motor by 27.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 36,190,972 shares of the auto manufacturer’s stock worth $453,732,000 after purchasing an additional 7,793,944 shares during the last quarter. Legal & General Group Plc raised its holdings in Ford Motor by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer’s stock valued at $399,066,000 after buying an additional 318,715 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ford Motor by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,347,303 shares of the auto manufacturer’s stock valued at $257,108,000 after buying an additional 636,330 shares during the last quarter. 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.