Ford Motor (NYSE:F) Trading 2.3% Higher - Here's Why

Ford Motor (NYSE:F - Get Free Report)'s stock price traded up 2.3% on Wednesday . The stock traded as high as $10.01 and last traded at $9.87. 38,205,969 shares were traded during trading, a decline of 47% from the average session volume of 71,909,933 shares. The stock had previously closed at $9.65.

Analyst Ratings Changes

Several research firms have issued reports on F. StockNews.com lowered shares of Ford Motor from a "hold" rating to a "sell" rating in a research report on Thursday, April 10th. Sanford C. Bernstein lowered shares of Ford Motor from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $9.40 to $7.00 in a research report on Wednesday, April 9th. Bank of America dropped their price objective on Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a report on Thursday, February 6th. The Goldman Sachs Group reiterated a "neutral" rating and set a $9.00 target price (down previously from $11.00) on shares of Ford Motor in a research report on Thursday, April 10th. Finally, Wells Fargo & Company dropped their price objective on Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $9.77.

Ford Motor Price Performance

The company has a debt-to-equity ratio of 2.31, a quick ratio of 1.02 and a current ratio of 1.16. The company has a fifty day moving average price of $9.61 and a two-hundred day moving average price of $10.12. The company has a market cap of $39.04 billion, a P/E ratio of 6.75, a PEG ratio of 0.61 and a beta of 1.41.

Ford Motor (NYSE:F - Get Free Report) last issued its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts anticipate that Ford Motor will post 1.47 earnings per share for the current fiscal year.

Ford Motor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th were given 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 yield of 6.09%. Ford Motor's dividend payout ratio (DPR) is 41.10%.

Institutional Investors Weigh In On Ford Motor

Several hedge funds have recently bought and sold shares of the stock. Global Assets Advisory LLC acquired a new stake in Ford Motor during the 1st quarter worth approximately $400,000. Strategic Investment Advisors MI lifted its holdings in shares of Ford Motor by 4.1% during the first quarter. Strategic Investment Advisors MI now owns 61,708 shares of the auto manufacturer's stock worth $619,000 after buying an additional 2,432 shares in the last quarter. Econ Financial Services Corp boosted its position in shares of Ford Motor by 11.1% in the first quarter. Econ Financial Services Corp now owns 231,797 shares of the auto manufacturer's stock valued at $2,325,000 after acquiring an additional 23,157 shares during the period. International Assets Investment Management LLC raised its stake in Ford Motor by 7.8% in the 1st quarter. International Assets Investment Management LLC now owns 261,822 shares of the auto manufacturer's stock worth $2,626,000 after purchasing an additional 18,963 shares in the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in Ford Motor by 26.8% in the 1st quarter. Cornerstone Wealth Group LLC now owns 14,487 shares of the auto manufacturer's stock valued at $145,000 after purchasing an additional 3,058 shares during the period. 58.74% of the stock is currently owned by institutional investors and hedge funds.

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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