Ford Motor (NYSE:F) Shares Up 1.7% – Still a Buy?

Ford Motor (NYSE:F)’s stock price was up 1.7% on Wednesday . The company traded as high as $10.00 and last traded at $9.95. Approximately 20,613,479 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 59,417,668 shares. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on F shares. Barclays cut their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Ford Motor from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and issued a $10.00 price objective on shares of Ford Motor in a research report on Tuesday, October 29th. Morgan Stanley cut shares of Ford Motor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and reduced their price target for the company from $12.00 to $9.00 in a research report on Monday, December 16th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $11.83.

Ford Motor Trading Up 2.0 %

The stock has a fifty day moving average of $10.44 and a 200-day moving average of $10.97. The company has a debt-to-equity ratio of 2.34, a quick ratio of 0.98 and a current ratio of 1.15. The company has a market cap of $39.66 billion, a PE ratio of 11.34, a PEG ratio of 1.89 and a beta of 1.64.

Ford Motor (NYSE:F) last issued its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The business had revenue of $46.20 billion during the quarter, compared to analysts’ expectations of $45.13 billion. During the same period in the prior year, the business earned $0.39 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Ford Motor will post 1.81 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.01%. The ex-dividend date was Thursday, November 7th. Ford Motor’s dividend payout ratio is 68.18%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently made changes to their positions in F. Assenagon Asset Management S.A. increased its position in Ford Motor by 14,373.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,885,389 shares of the auto manufacturer’s stock valued at $93,830,000 after buying an additional 8,824,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 valued at $453,732,000 after acquiring an additional 7,793,944 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in Ford Motor by 112.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 11,976,950 shares of the auto manufacturer’s stock valued at $126,477,000 after acquiring an additional 6,348,185 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Ford Motor by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,609,058 shares of the auto manufacturer’s stock valued at $1,294,752,000 after purchasing an additional 5,270,562 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor in the 3rd quarter valued at $55,456,000. 58.74% of the stock is currently owned by hedge funds and other institutional investors.

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.