Ford Motor (NYSE:F) Stock Price Up 1.7% - Here's What Happened

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

Wall Street Analysts Forecast Growth

F has been the subject of several research reports. Barclays reduced their price objective on shares of Ford Motor from $14.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ford Motor from $11.00 to $10.00 and set a "hold" rating on the stock in a research report on Wednesday, October 30th. Wolfe Research reiterated an "underperform" rating on shares of Ford Motor in a research report on Thursday, December 5th. Sanford C. Bernstein lowered Ford Motor from an "outperform" rating to a "market perform" rating and set a $11.00 price objective for the company. in a research note on Thursday, November 7th. Finally, Morgan Stanley lowered Ford Motor from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $16.00 to $12.00 in a research report on Wednesday, September 25th. Four 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. According to MarketBeat.com, Ford Motor currently has an average rating of "Hold" and a consensus price target of $11.83.

Ford Motor Stock Up 1.6 %

The company has a current ratio of 1.15, a quick ratio of 0.98 and a debt-to-equity ratio of 2.34. The company has a market cap of $40.43 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.86 and a beta of 1.64. The business has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $10.96.

Ford Motor (NYSE:F - Get Free Report) last released its earnings results on Monday, October 28th. The auto manufacturer reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Ford Motor had a net margin of 1.93% and a return on equity of 16.16%. The company had revenue of $46.20 billion during the quarter, compared to the consensus estimate of $45.13 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company's revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Ford Motor will post 1.77 earnings per share for the current year.

Ford Motor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Thursday, November 7th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.60 dividend on an annualized basis and a yield of 5.90%. Ford Motor's dividend payout ratio (DPR) is currently 68.18%.

Institutional Investors Weigh In On Ford Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Ford Motor by 4.5% during 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 in the last quarter. Geode Capital Management LLC raised its holdings in Ford Motor by 1.7% during the third quarter. Geode Capital Management LLC now owns 81,989,157 shares of the auto manufacturer's stock valued at $863,009,000 after buying an additional 1,336,676 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Ford Motor by 1.0% in the second quarter. Legal & General Group Plc now owns 31,823,353 shares of the auto manufacturer's stock worth $399,066,000 after buying an additional 318,715 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Ford Motor by 2.7% during the 3rd 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 worth $257,108,000 after acquiring an additional 636,330 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of 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 last quarter. 58.74% of the stock is owned by hedge funds and other institutional investors.

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.

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