Ford Motor (NYSE:F) Shares Down 0.5% - Here's What Happened

Ford Motor (NYSE:F - Get Free Report)'s stock price dropped 0.5% during mid-day trading on Wednesday . The company traded as low as $8.44 and last traded at $8.65. Approximately 44,604,813 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 68,481,774 shares. The stock had previously closed at $8.69.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on F shares. UBS Group cut their target price on Ford Motor from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Thursday. BNP Paribas upgraded Ford Motor to a "hold" rating in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Ford Motor from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. Finally, Bank of America dropped their price objective on shares of Ford Motor from $19.00 to $15.50 and set a "buy" rating for the company in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $10.50.

Ford Motor Price Performance

The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 2.31. The business's 50-day simple moving average is $9.58 and its two-hundred day simple moving average is $10.17. The firm has a market cap of $36.96 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 0.61 and a beta of 1.41.

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Ford Motor (NYSE:F - Get Free Report) last announced its earnings results on Wednesday, February 5th. The auto manufacturer reported $0.39 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Ford Motor will post 1.47 EPS for the current fiscal year.

Ford Motor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.43%. Ford Motor's payout ratio is 41.10%.

Institutional Investors Weigh In On Ford Motor

A number of hedge funds have recently added to or reduced their stakes in the business. Hager Investment Management Services LLC acquired a new stake in shares of Ford Motor during the 4th quarter worth approximately $26,000. Bank of Jackson Hole Trust bought a new position in Ford Motor during the fourth quarter worth $29,000. Flagship Wealth Advisors LLC acquired a new stake in Ford Motor in the fourth quarter worth $30,000. Kentucky Trust Co bought a new stake in Ford Motor in the fourth quarter valued at $31,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Ford Motor during the fourth quarter valued at about $31,000. 58.74% of the stock is currently owned by 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.