Ford Motor (NYSE:F – Get Free Report) declared a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Wednesday, August 7th will be given a dividend of 0.15 per share by the auto manufacturer on Tuesday, September 3rd. This represents a $0.60 annualized dividend and a yield of 5.38%. The ex-dividend date is Wednesday, August 7th.
Ford Motor has increased its dividend payment by an average of 58.7% per year over the last three years. Ford Motor has a dividend payout ratio of 31.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ford Motor to earn $2.01 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 29.9%.
Ford Motor Stock Down 18.4 %
Shares of F traded down $2.51 during midday trading on Thursday, hitting $11.16. 256,384,859 shares of the company’s stock traded hands, compared to its average volume of 53,177,184. Ford Motor has a 1 year low of $9.63 and a 1 year high of $14.85. The firm’s fifty day moving average is $12.59 and its 200-day moving average is $12.42. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $44.55 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.89 and a beta of 1.62.
Insider Buying and Selling
In related news, Director Jon M. Huntsman, Jr. sold 81,234 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 168,601 shares of the company’s stock, valued at $2,038,386.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Royal Bank of Canada increased their price objective on Ford Motor from $12.00 to $13.00 and gave the company a “sector perform” rating in a report on Thursday, April 25th. UBS Group raised their price target on shares of Ford Motor from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, April 25th. The Goldman Sachs Group decreased their target price on shares of Ford Motor from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday. Barclays decreased their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Citigroup lifted their price target on Ford Motor from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.95.
Check Out Our Latest Research Report on F
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.
Further Reading
- Five stocks we like better than Ford Motor
- Buy P&G Now, Before It Sets A New All-Time High
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- What is Forex and How Does it Work?
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Airline Stocks – Top Airline Stocks to Buy Now
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Ford Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ford Motor and related companies with MarketBeat.com's FREE daily email newsletter.