Ford Motor (NYSE:F) Trading 1.6% Higher - Here's What Happened

Ford Motor (NYSE:F - Get Free Report)'s stock price shot up 1.6% on Monday . The company traded as high as $10.21 and last traded at $10.17. 60,707,245 shares traded hands during trading, an increase of 14% from the average session volume of 53,436,516 shares. The stock had previously closed at $10.01.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. The Goldman Sachs Group upgraded Ford Motor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $12.00 to $13.00 in a research note on Tuesday, October 1st. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $10.00 target price on shares of Ford Motor in a research report on Tuesday, October 29th. Sanford C. Bernstein downgraded 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays reduced their target price on shares of Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $11.83.

Ford Motor Stock Up 1.6 %

The stock has a fifty day moving average of $10.38 and a 200-day moving average of $10.91. The firm has a market capitalization of $40.43 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 1.86 and a beta of 1.64. The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34.

Ford Motor (NYSE:F - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a return on equity of 16.16% and a net margin of 1.93%. The firm had revenue of $46.20 billion for the quarter, compared to analysts' expectations of $45.13 billion. During the same quarter last year, the business posted $0.39 EPS. Ford Motor's revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Ford Motor will post 1.77 EPS for the current year.

Ford Motor Dividend Announcement

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 $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.90%. Ford Motor's dividend payout ratio (DPR) is presently 68.18%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. lifted its holdings in shares of Ford Motor by 29.8% during the third quarter. Franklin Resources Inc. now owns 1,464,980 shares of the auto manufacturer's stock worth $15,998,000 after buying an additional 336,720 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ford Motor by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 4,394,681 shares of the auto manufacturer's stock worth $46,408,000 after purchasing an additional 160,409 shares during the period. Worldquant Millennium Advisors LLC acquired a new position in shares of Ford Motor during the third quarter valued at about $55,456,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Ford Motor in the fourth quarter valued at about $10,853,000. Finally, ING Groep NV grew its position in Ford Motor by 93.4% during the third quarter. ING Groep NV now owns 1,181,128 shares of the auto manufacturer's stock worth $12,473,000 after buying an additional 570,293 shares in the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.

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.