Ford Motor (NYSE:F) Stock Price Up 1.8% – Here’s What Happened

Ford Motor (NYSE:F)’s stock price rose 1.8% on Monday . The company traded as high as $10.20 and last traded at $10.18. Approximately 20,071,501 shares traded hands during trading, a decline of 68% from the average daily volume of 61,922,215 shares. The stock had previously closed at $10.00.

Wall Street Analyst Weigh In

A number of analysts recently commented on F shares. Wolfe Research restated an “underperform” rating on shares of Ford Motor in a research note on Thursday, December 5th. Wells Fargo & Company dropped their price target on Ford Motor from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group cut shares of Ford Motor from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $12.00 to $9.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. cut their price target on shares of Ford Motor from $14.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, TD Cowen assumed coverage on shares of Ford Motor in a research report on Friday, March 7th. They set a “hold” rating and a $10.00 price objective on the stock. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.50.

Ford Motor Price Performance

The firm has a market cap of $40.41 billion, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.61 and a beta of 1.59. The business has a 50-day simple moving average of $9.73 and a 200 day simple moving average of $10.29. The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16.

Ford Motor (NYSE:F) last released its quarterly earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. Ford Motor had a net margin of 3.18% and a return on equity of 16.88%. On average, analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.89%. Ford Motor’s dividend payout ratio (DPR) is 41.10%.

Institutional Trading of Ford Motor

A number of hedge funds and other institutional investors have recently modified their holdings of F. Hager Investment Management Services LLC purchased a new stake in Ford Motor in the fourth quarter worth about $26,000. Bank of Jackson Hole Trust purchased a new stake in shares of Ford Motor in the 4th quarter worth approximately $29,000. Flagship Wealth Advisors LLC bought a new position in Ford Motor during the 4th quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in Ford Motor in the fourth quarter worth $31,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of Ford Motor in the fourth quarter worth $31,000. 58.74% of the stock is 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.