Ford Motor (NYSE:F - Get Free Report) was down 1.1% during trading on Thursday . The company traded as low as $9.42 and last traded at $9.55. Approximately 33,505,312 shares changed hands during trading, a decline of 59% from the average daily volume of 81,739,445 shares. The stock had previously closed at $9.65.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on F. Jefferies Financial Group lowered shares of Ford Motor from a "hold" rating to an "underperform" rating and lowered their price objective for the stock from $12.00 to $9.00 in a report on Monday, December 16th. JPMorgan Chase & Co. lowered 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. Barclays cut Ford Motor from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $13.00 to $11.00 in a research note on Wednesday, January 22nd. Wells Fargo & Company lowered their target price on Ford Motor from $9.00 to $8.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Finally, Royal Bank of Canada decreased their price target on Ford Motor from $10.00 to $9.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $11.77.
Read Our Latest Analysis on Ford Motor
Ford Motor Stock Performance
The company has a 50-day simple moving average of $9.72 and a two-hundred day simple moving average of $10.36. 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 firm has a market capitalization of $38.47 billion, a P/E ratio of 6.65, a PEG ratio of 0.61 and a beta of 1.59.
Ford Motor (NYSE:F - Get Free Report) 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 return on equity of 16.88% and a net margin of 3.18%. As a group, equities analysts forecast that Ford Motor will post 1.47 EPS for the current year.
Ford Motor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend was Tuesday, February 18th. Ford Motor's dividend payout ratio is presently 41.10%.
Institutional Investors Weigh In On Ford Motor
Several hedge funds have recently bought and sold shares of F. Vanguard Group Inc. lifted its holdings in shares of Ford Motor by 16.6% during the fourth quarter. Vanguard Group Inc. now owns 402,083,883 shares of the auto manufacturer's stock valued at $3,980,630,000 after purchasing an additional 57,182,803 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Ford Motor by 5.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,106,379 shares of the auto manufacturer's stock valued at $1,278,153,000 after buying an additional 6,497,321 shares in the last quarter. Geode Capital Management LLC increased its position in Ford Motor by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 84,078,284 shares of the auto manufacturer's stock valued at $830,662,000 after buying an additional 2,089,127 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ford Motor by 11.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 46,508,882 shares of the auto manufacturer's stock valued at $460,444,000 after buying an additional 4,925,993 shares during the last quarter. Finally, Norges Bank bought a new stake in Ford Motor in the fourth quarter worth $387,282,000. Institutional investors own 58.74% of the company's stock.
About Ford Motor
(
Get Free Report)
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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